U.S. regulators approve Cheniere LNG export plant

U.S. regulators on Monday approved the country's first liquefied natural gas export plant in nearly 50 years, which will open up cheap and abundant American supplies to importers across the globe. The ...

NEW YORK/WASHINGTON (Reuters) - U.S. regulators granted Cheniere Energy approval on Monday to build an export plant for liquefied natural gas at Sabine Pass in Louisiana, the first project of its kind in the United States in 50 years. The approval by the Federal Energy Regulatory Commission (FERC) paves the way for construction to begin at Sabine Pass LNG, which Cheniere says could be ready by 2015. Cheniere will be able to export up to 2.2 billion cubic feet of natural gas per day, the equivalent of 16 million tons per year (mtpa) of LNG, from Sabine Pass. ...

Natural gas futures contracts closed at a price of $2.67 (per million BTUs) in trading Frida

Centrica Plc, the U.K.’s largest household energy supplier, signed a 20-year deal to import natural gas from the U.S., securing supplies as production from British North Sea fields decline.

NEW YORK/WASHINGTON (Reuters) - U.S.

Profits from selling U.S. liquefied natural gas abroad may be elusive, belying the US$60-billion race for export licenses as the price gap between Asia and North America shrinks from record levels.

U.S. regulators granted Cheniere Energy approval on Monday to build an export plant for liquefied natural gas at Sabine Pass in Louisiana, the first project of its kind in the United States in 50 years. ...

By Qineqt:Despite the delay in the approval of gas exports, Cheniere Energy (LNG) has bright prospects based on its development of the Sabine Pass plant, an improvement in the construction of terminals and pipelines, and the expectation it will get an export license. So far, Cheniere is the only company out of 15 participants to get the conditional approval to export liquefied natural gas.