Tuesday, September 18, 2012

LNG Export Decision Delayed

The Energy Department said today that the report it commissioned to study the export of U.S. natural gas will not be ready until the end of 2012, which will put off any decision on the dozen or so pending LNG export applications until the new year.  The report is being prepared by a third party consultant and was expected to be done this summer.

Likely the only one happy about this development is Cheniere Energy, which is the only company approved by the government to build an LNG export facility.  They now will have an even wider head start on everyone else.

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