Saturday, May 21, 2011

Cheniere Gets Another "Go"

Yesterday, Cheniere Energy Partners, LP announced  that its Sabine Pass LNG facility had been authorized by the U.S. Department of Energy to export liquefied natural gas to any country with which a U.S. company is permitted to trade and has the capacity - now or in the future - to receive LNG.  This is an upgrade from the company's previous approval to only do business with customers in countries with free trade agreements with the U.S.

This is good news for the gas industry and for the country.  It is another sign that the government recognizes the value of our natural gas reserves and the potential economic benefit of gas to the economy.  Sometimes, because of the conflicting agendas of federal agencies, we can't get out of our own way, but this is a case where the greater good is being served. If the U.S. can add natural gas to its paltry list of exports (not including intellectual property and education), all the better.

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