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LNG Export Plant Verges on U.S. Approval Amid Shale Glut

Bloomberg -- Cheniere Energy Inc. (LNG), the natural gas importer that lost $1.2 billion in a decade, is poised to become the sole U.S. exporter of fuel from the shale bonanza that’s turned the nation into the world’s biggest gas producer.

The government may decide as soon as next week on Cheniere’s request to build a $10 billion Louisiana plant that would be the largest in the U.S. to liquefy gas and load it onto ocean-going tankers. Regulators will discuss the project April 19. Cheniere’s shares rose as much as 11 percent in New York.

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Submitted Apr 14, 2012 By: Mudsprings

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Nancy&Len Champion Author Cleveland Posts:2,038 Points:1,942,890 Joined:Sep 2004	Message Posted: Apr 14, 2012 6:17:41 PM Ignore Nancy&Len Report Abuse Yeap.
Travel1st Champion Author Las Vegas Posts:2,910 Points:468,710 Joined:Aug 2011	Message Posted: Apr 14, 2012 6:17:18 PM Ignore Travel1st Report Abuse ok
sammy518 Champion Author Austin Posts:2,589 Points:539,790 Joined:Dec 2010	Message Posted: Apr 14, 2012 6:14:19 PM Ignore sammy518 Report Abuse ok
madison8359 Champion Author Cleveland Posts:8,995 Points:1,590,370 Joined:Apr 2008	Message Posted: Apr 14, 2012 6:11:36 PM Ignore madison8359 Report Abuse I hope we keep some of that ng here.
Jeff1944 Champion Author South Dakota Posts:4,222 Points:1,071,780 Joined:Jan 2010	Message Posted: Apr 14, 2012 6:08:13 PM Ignore Jeff1944 Report Abuse And who besides China will be the major buyers? Don't tell the greenies otherwise they will stall the project if they can.
RetFireLT Champion Author Kentucky Posts:2,660 Points:171,085 Joined:Mar 2011	Message Posted: Apr 14, 2012 6:01:59 PM Ignore RetFireLT Report Abuse Ok.
Dsin44 Champion Author Abbotsford Posts:1,272 Points:272,660 Joined:Apr 2011	Message Posted: Apr 14, 2012 5:58:11 PM Ignore Dsin44 Report Abuse were is all the money coming from... hope not us.
sehonda Champion Author Honolulu Posts:2,028 Points:914,060 Joined:May 2009	Message Posted: Apr 14, 2012 5:54:05 PM Ignore sehonda Report Abuse All exported energy should be fully taxed and subsidies removed...
mouse24 All-Star Author Pennsylvania Posts:808 Points:876,340 Joined:Jul 2006	Message Posted: Apr 14, 2012 5:51:25 PM Ignore mouse24 Report Abuse We subsidized the NG. It SHOULD stay here.
DEG Champion Author Las Vegas Posts:17,605 Points:3,491,680 Joined:Jul 2003	Message Posted: Apr 14, 2012 5:50:16 PM Ignore DEG Report Abuse The US should tend to its own energy needs.
Zuman Champion Author New York Posts:6,149 Points:1,895,755 Joined:May 2005	Message Posted: Apr 14, 2012 5:49:50 PM Ignore Zuman Report Abuse Dopee Americans.
badbonita Champion Author Syracuse Posts:6,209 Points:1,350,785 Joined:Jul 2008	Message Posted: Apr 14, 2012 5:49:01 PM Ignore badbonita Report Abuse As usual, we produce something and then promptly export it rather than keep it. What ever happened to buying local or even the same country?
OWENALOTT Champion Author Appleton Posts:2,182 Points:500,095 Joined:Apr 2011	Message Posted: Apr 14, 2012 5:48:59 PM Ignore OWENALOTT Report Abuse Great
paoli8 Champion Author Philadelphia Posts:7,076 Points:1,817,970 Joined:Jul 2007	Message Posted: Apr 14, 2012 5:47:09 PM Ignore paoli8 Report Abuse Perhaps this will give a little boost to the economy
Point__man Champion Author Raleigh Posts:4,320 Points:874,770 Joined:Oct 2010	Message Posted: Apr 14, 2012 5:45:44 PM Ignore Point__man Report Abuse how about using those tankers to ship oil to the East coast refineries ;)
jerej829 Champion Author Memphis Posts:2,841 Points:690,940 Joined:May 2011	Message Posted: Apr 14, 2012 5:44:24 PM Ignore jerej829 Report Abuse ok
HumminRound Veteran Author Washington DC Posts:253 Points:160,995 Joined:Dec 2011	Message Posted: Apr 14, 2012 5:43:11 PM Ignore HumminRound Report Abuse Humm...
Ken2OD Champion Author Grand Rapids Posts:9,057 Points:1,969,015 Joined:Dec 2005	Message Posted: Apr 14, 2012 5:40:58 PM Ignore Ken2OD Report Abuse Just keep the damn government out from the financing.
southrob Champion Author Tucson Posts:3,585 Points:685,150 Joined:Mar 2011	Message Posted: Apr 14, 2012 5:32:27 PM Ignore southrob Report Abuse dhan to help the economy
carefrey Champion Author Orlando Posts:5,520 Points:1,156,560 Joined:Sep 2009	Message Posted: Apr 14, 2012 5:29:10 PM Ignore carefrey Report Abuse Alrighty then!
DrCashFlow Champion Author Massachusetts Posts:7,059 Points:1,624,400 Joined:Jun 2008	Message Posted: Apr 14, 2012 5:28:53 PM Ignore DrCashFlow Report Abuse What's with that?
memo81 Champion Author St. Louis Posts:2,333 Points:441,575 Joined:Feb 2012	Message Posted: Apr 14, 2012 5:22:48 PM Ignore memo81 Report Abuse ok
EVBuddy Champion Author Nevada Posts:16,675 Points:3,028,670 Joined:Sep 2004	Message Posted: Apr 14, 2012 5:21:41 PM Ignore EVBuddy Report Abuse There go Natural Gas Prices.
PetroScopper Champion Author Houston Posts:6,607 Points:1,547,050 Joined:Aug 2008	Message Posted: Apr 14, 2012 5:20:54 PM Ignore PetroScopper Report Abuse Cheniere’s most-valuable asset may be its Energy Department license to ship domestic gas to nations that aren’t U.S. free-trade partners. The U.S. has free-trade agreements with 18 nations. FERC just needs to insert some wording that says they can do sell overseas as much as they want, as long as it doesn't disrupt supply here and cause major affect to the price of liquefied gas in the U.S.
netman044 Champion Author Texas Posts:6,848 Points:1,287,525 Joined:Sep 2005	Message Posted: Apr 14, 2012 5:20:33 PM Ignore netman044 Report Abuse Let them liquify the gas but keep it here as motor fuel.
saleboss Champion Author Phoenix Posts:3,924 Points:1,176,800 Joined:Feb 2006	Message Posted: Apr 14, 2012 5:19:15 PM Ignore saleboss Report Abuse Let's keep enough here to compete with gasoline!!!!
nigelb Champion Author Virginia Posts:8,444 Points:1,388,830 Joined:Feb 2008	Message Posted: Apr 14, 2012 5:16:22 PM Ignore nigelb Report Abuse w4kh said "No reason they shouldn't be allowed to build it - good for jobs, good for the economy, and good for balance of trade... what's the holdup?" Yes it might create jobs but it will alow the export of LNG and that allows the industry to control the domestic supply and the domestic price! Same as Big Oil, that now exports record amounts of refined product to maintain high prices in the US!
cwashi3324 Champion Author Cincinnati Posts:2,786 Points:570,265 Joined:May 2009	Message Posted: Apr 14, 2012 5:15:38 PM Ignore cwashi3324 Report Abuse ok
humblepie Champion Author Toledo Posts:34,101 Points:2,368,445 Joined:Mar 2006	Message Posted: Apr 14, 2012 5:06:58 PM Ignore humblepie Report Abuse reality
w4kh Champion Author Tennessee Posts:11,655 Points:2,226,065 Joined:May 2004	Message Posted: Apr 14, 2012 5:06:28 PM Ignore w4kh Report Abuse No reason they shouldn't be allowed to build it - good for jobs, good for the economy, and good for balance of trade... what's the holdup?
donnamarieb333 Veteran Author South Carolina Posts:397 Points:181,340 Joined:May 2011	Message Posted: Apr 14, 2012 5:06:01 PM Ignore donnamarieb333 Report Abuse cheniere is paying for this plant or we are getting stuck with it?
hallows Champion Author St. Louis Posts:4,683 Points:2,801,695 Joined:Jun 2004	Message Posted: Apr 14, 2012 5:05:53 PM Ignore hallows Report Abuse Alrighty!
briinnc Champion Author North Carolina Posts:2,705 Points:834,820 Joined:Jan 2010	Message Posted: Apr 14, 2012 5:05:01 PM Ignore briinnc Report Abuse That's it, let's export it so we cam continue to be a big energy importer.
TRAIN RIDER Champion Author San Bernardino Posts:9,067 Points:2,754,895 Joined:Oct 2004	Message Posted: Apr 14, 2012 5:02:37 PM Ignore TRAIN RIDER Report Abuse We are becoming an exporter of oil products.
gass12 Champion Author Omaha Posts:8,375 Points:2,300,810 Joined:Oct 2005	Message Posted: Apr 14, 2012 4:58:20 PM Ignore gass12 Report Abuse Time will tell.
Barfood Champion Author St. Louis Posts:3,296 Points:1,015,080 Joined:Jun 2009	Message Posted: Apr 14, 2012 4:58:06 PM Ignore Barfood Report Abuse Somehow our govt will invest in a nat gas company that ends up going bankrupt!
silverbullet90 All-Star Author Florida Posts:834 Points:315,305 Joined:Apr 2011	Message Posted: Apr 14, 2012 4:56:18 PM Ignore silverbullet90 Report Abuse Ok
vcsuksu21 Champion Author Oklahoma City Posts:2,468 Points:704,430 Joined:Dec 2010	Message Posted: Apr 14, 2012 4:55:55 PM Ignore vcsuksu21 Report Abuse Ok
TXHUNTER1 Champion Author Austin Posts:2,711 Points:294,510 Joined:Dec 2006	Message Posted: Apr 14, 2012 4:53:15 PM Ignore TXHUNTER1 Report Abuse They will send it to China when we need it. Thank's a lot Obama.
Jeeputtputt Champion Author Ohio Posts:3,002 Points:677,465 Joined:Aug 2009	Message Posted: Apr 14, 2012 4:52:33 PM Ignore Jeeputtputt Report Abuse and how much tax payers $$$$$ will obie GIVE away this time...
singlemom27 Champion Author Ventura Posts:3,098 Points:637,260 Joined:Apr 2011	Message Posted: Apr 14, 2012 4:52:29 PM Ignore singlemom27 Report Abuse If these guys have lost so much during the past decade, why are they the top choice?
mattymattmatt All-Star Author Scranton Posts:889 Points:361,615 Joined:Mar 2011	Message Posted: Apr 14, 2012 4:52:19 PM Ignore mattymattmatt Report Abuse I'm tired.
ctcowboy Sophomore Author Connecticut Posts:198 Points:42,720 Joined:Aug 2011	Message Posted: Apr 14, 2012 4:51:36 PM Ignore ctcowboy Report Abuse Other countries are taking advantage of our resources
ByGuy Champion Author Dallas Posts:7,833 Points:1,705,340 Joined:Nov 2005	Message Posted: Apr 14, 2012 4:51:15 PM Ignore ByGuy Report Abuse Will our Govt turn it down?
nimpy Champion Author Indianapolis Posts:8,120 Points:1,698,080 Joined:Oct 2007	Message Posted: Apr 14, 2012 4:38:38 PM Ignore nimpy Report Abuse This is interesting
GLM4205 Champion Author Toledo Posts:4,042 Points:797,370 Joined:Dec 2010	Message Posted: Apr 14, 2012 4:35:44 PM Ignore GLM4205 Report Abuse It will be nice to have some leverage on the Chinese. It will help the trade deficit and give the Chinese a good place to spend all the dollars they get from us.
BigBob12345 Champion Author Gasbuddy Posts:1,521 Points:304,730 Joined:Aug 2011	Message Posted: Apr 14, 2012 4:34:54 PM Ignore BigBob12345 Report Abuse ok
mickealo Champion Author Spokane Posts:6,147 Points:2,141,510 Joined:Oct 2006	Message Posted: Apr 14, 2012 4:34:09 PM Ignore mickealo Report Abuse ok
Alfied Champion Author Riverside Posts:7,925 Points:1,753,335 Joined:Jun 2001	Message Posted: Apr 14, 2012 4:32:16 PM Ignore Alfied Report Abuse Let's use it here.
CatMan623 Champion Author Houston Posts:16,345 Points:2,341,095 Joined:Aug 2006	Message Posted: Apr 14, 2012 4:30:23 PM Ignore CatMan623 Report Abuse It will be nice to have some leverage on the Chinese. It will help the trade deficit and give the Chinese a good place to spend all the dollars they get from us.
afghaned Champion Author Hamilton Posts:11,798 Points:1,283,210 Joined:May 2004	Message Posted: Apr 14, 2012 4:27:27 PM Ignore afghaned Report Abuse NG prices will rise soon.