DOE Approves Another LNG Facility

by Marilou Long on August 8, 2013

in Energy,Foreign Markets,Geopolitical

The U.S. Department of Energy approved another facility in Louisiana to export liquefied natural gas, or LNG, to countries that don’t have free trade agreements with

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the United States. This is a positive development both for our domestic energy industry and countries like Japan that don’t have their own energy supplies. From the linked article: The push by corporations to export more liquefied natural gas coincides with the domestic natural gas boom in Louisiana and other states, as well as the demand in Europe and Asia for more affordable energy sources. Louisiana Oil and Gas Association President Don Briggs said the federal decision helps “keep the free market working.” “We have an abundance and a cheap supply of natural gas in the United States, especially Louisiana,” Briggs said. The increased exportation means more revenue, jobs and gas exploration, Briggs said, and it keeps the natural gas from being placed in storage.

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