U.S. LNG Export Terminals Closer to Fruition After Getting FERC Permit
SUGAR LAND--August 28, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--With the boom in natural gas production in the U.S., prices have plummeted. Supply has greatly expanded, while demand has grown only steadily. The next step for producers is to export the surplus supply to regions with higher natural gas prices and increase profit margins. According to Industrial Info's data, there are three export terminals in the Gulf Coast that have received export permits, with a total of more than 39 million tons per year (MMT/yr) of liquefied natural gas that can be sent abroad.
Within this article: Details on the Freeport LNG terminal, managed in part by ConocoPhillips (NYSE:COP); the Sabine Pass terminal by Cheniere Energy NYSE:LNG); and the Cameron LNG terminal, including current schedules and capacities.
