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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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judgemobile Champion Author Ohio Posts:7,565 Points:2,444,160 Joined:Nov 2005	Message Posted: Apr 14, 2012 10:00:23 PM Ignore judgemobile Report Abuse oil well over $ 100, but NAT GAS UNDER $ 2 for several days...hmmmmm !!!
babugp Veteran Author Philadelphia Posts:339 Points:76,685 Joined:Mar 2012	Message Posted: Apr 14, 2012 9:51:33 PM Ignore babugp Report Abuse hum
bdlewis Champion Author Colorado Posts:1,384 Points:382,905 Joined:Oct 2008	Message Posted: Apr 14, 2012 9:46:30 PM Ignore bdlewis Report Abuse Of course
cssco Champion Author Virginia Posts:7,321 Points:1,749,805 Joined:Feb 2006	Message Posted: Apr 14, 2012 9:42:46 PM Ignore cssco Report Abuse If the EPA has anything to do with the approval the outcome is doubtful due their not doing approvals right now.
mrbee Champion Author Little Rock Posts:3,749 Points:2,464,855 Joined:Oct 2005	Message Posted: Apr 14, 2012 9:41:33 PM Ignore mrbee Report Abuse We are not buying it so they will export it.
orcar Champion Author Boise Posts:2,048 Points:776,565 Joined:Jun 2010	Message Posted: Apr 14, 2012 9:38:50 PM Ignore orcar Report Abuse Why would we ship engery out of the US?
mcmonsta Champion Author Honolulu Posts:3,222 Points:816,820 Joined:Sep 2009	Message Posted: Apr 14, 2012 9:37:53 PM Ignore mcmonsta Report Abuse got to make money back
millerin Champion Author Orlando Posts:2,300 Points:480,165 Joined:Jan 2012	Message Posted: Apr 14, 2012 9:37:29 PM Ignore millerin Report Abuse hmmm...
boborobot All-Star Author Michigan Posts:501 Points:415,800 Joined:Dec 2011	Message Posted: Apr 14, 2012 9:36:19 PM Ignore boborobot Report Abuse I agree with Kitty1750 !
lowpet All-Star Author Texas Posts:527 Points:86,915 Joined:Dec 2008	Message Posted: Apr 14, 2012 9:32:42 PM Ignore lowpet Report Abuse i don't care
ramgas Champion Author Texas Posts:2,155 Points:1,299,180 Joined:Jan 2005	Message Posted: Apr 14, 2012 9:32:03 PM Ignore ramgas Report Abuse More domestic energy leaving this country leaving Americans to pay more for what we need.
gmcgas Champion Author Atlanta Posts:5,948 Points:1,713,195 Joined:Mar 2004	Message Posted: Apr 14, 2012 9:28:23 PM Ignore gmcgas Report Abuse ok
cssco Champion Author Virginia Posts:7,321 Points:1,749,805 Joined:Feb 2006	Message Posted: Apr 14, 2012 9:27:59 PM Ignore cssco Report Abuse What goes around comes around. So they say!
DustyHorse Champion Author Virginia Posts:6,079 Points:1,390,785 Joined:Oct 2008	Message Posted: Apr 14, 2012 9:21:22 PM Ignore DustyHorse Report Abuse Wow sounds pretty dangerous.
tippybuddy Champion Author Ontario Posts:1,523 Points:207,740 Joined:Feb 2011	Message Posted: Apr 14, 2012 9:19:56 PM Ignore tippybuddy Report Abuse ok
Mr Tex All-Star Author Dallas Posts:868 Points:2,491,855 Joined:Jan 2004	Message Posted: Apr 14, 2012 9:19:42 PM Ignore Mr Tex Report Abuse Someone moving on natural gas.
colaguy Champion Author Columbia Posts:3,171 Points:1,007,225 Joined:Oct 2008	Message Posted: Apr 14, 2012 9:18:56 PM Ignore colaguy Report Abuse ok
FunMyster All-Star Author Indiana Posts:907 Points:73,215 Joined:Jul 2011	Message Posted: Apr 14, 2012 9:12:49 PM Ignore FunMyster Report Abuse I agree..we need more LNG!
bcok Champion Author Los Angeles Posts:2,116 Points:1,542,545 Joined:Oct 2005	Message Posted: Apr 14, 2012 9:12:26 PM Ignore bcok Report Abuse Why import it when we can's even find enough room to it her in the US>
OSW Champion Author Pittsburgh Posts:6,856 Points:550,600 Joined:Aug 2011	Message Posted: Apr 14, 2012 9:09:31 PM Ignore OSW Report Abuse more lng cars now
heydano67 Champion Author California Posts:1,661 Points:356,560 Joined:Feb 2012	Message Posted: Apr 14, 2012 9:08:45 PM Ignore heydano67 Report Abuse Convert excess into diesel.
1mrtym Veteran Author Houston Posts:457 Points:92,475 Joined:Mar 2012	Message Posted: Apr 14, 2012 9:06:36 PM Ignore 1mrtym Report Abuse ok
fenster66 Champion Author Pittsburgh Posts:3,345 Points:673,115 Joined:May 2011	Message Posted: Apr 14, 2012 9:05:54 PM Ignore fenster66 Report Abuse as long as the benefit stays with the US....
mstearno Champion Author Dayton Posts:8,061 Points:1,730,260 Joined:Jan 2008	Message Posted: Apr 14, 2012 9:04:03 PM Ignore mstearno Report Abuse who cares about the stock price? it's results that cound
danlanman Champion Author North Carolina Posts:3,327 Points:721,485 Joined:May 2011	Message Posted: Apr 14, 2012 9:03:33 PM Ignore danlanman Report Abuse whatever...
Stevein228 Rookie Author Mississippi Posts:76 Points:266,020 Joined:Jun 2011	Message Posted: Apr 14, 2012 9:02:01 PM Ignore Stevein228 Report Abuse Now maybe they can do something about the oil pipeline from Canada
paulydel Champion Author Delaware Posts:8,779 Points:847,450 Joined:Jan 2008	Message Posted: Apr 14, 2012 9:00:06 PM Ignore paulydel Report Abuse Thats thanks to our liar and chief.
DancingDee Champion Author Gary Posts:4,379 Points:1,055,540 Joined:Jul 2005	Message Posted: Apr 14, 2012 8:55:09 PM Ignore DancingDee Report Abuse Clermont40miles definitely has it right!!!!!!
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,130 Joined:Oct 2008	Message Posted: Apr 14, 2012 8:54:26 PM Ignore LCSTEELERBOB Report Abuse how will this help
warlord1 Champion Author Georgia Posts:5,240 Points:1,033,025 Joined:May 2010	Message Posted: Apr 14, 2012 8:52:39 PM Ignore warlord1 Report Abuse ok
packards42 Champion Author Washington Posts:6,442 Points:1,127,615 Joined:Feb 2005	Message Posted: Apr 14, 2012 8:52:23 PM Ignore packards42 Report Abuse 1.2 billion in the hole and there getting ready to spend 10 billion more.
clermont40miles Champion Author Cincinnati Posts:10,562 Points:1,770,920 Joined:Apr 2008	Message Posted: Apr 14, 2012 8:51:12 PM Ignore clermont40miles Report Abuse Too bad we can't get the benefit of our own resources. Money to be made here at home but off it goes.
Hangnail309 Champion Author Manitoba Posts:6,019 Points:1,676,205 Joined:Aug 2006	Message Posted: Apr 14, 2012 8:50:39 PM Ignore Hangnail309 Report Abuse Just get it done.
DeeLA Champion Author Los Angeles Posts:4,807 Points:1,363,380 Joined:Nov 2008	Message Posted: Apr 14, 2012 8:46:38 PM Ignore DeeLA Report Abuse They are thinking outside the box.
mdskier Champion Author Maryland Posts:9,930 Points:1,781,635 Joined:Aug 2005	Message Posted: Apr 14, 2012 8:45:53 PM Ignore mdskier Report Abuse Price of natural gas is too low so we got to dump it so we can buy more overpriced oil from arabs. makes a lot of sense ?
insightcruzer All-Star Author Oakland Posts:552 Points:191,145 Joined:Feb 2012	Message Posted: Apr 14, 2012 8:45:20 PM Ignore insightcruzer Report Abuse is natural gas something we could be using more of ourselves instead of exporting it?
ericbcire Champion Author Nevada Posts:4,515 Points:1,266,260 Joined:Aug 2009	Message Posted: Apr 14, 2012 8:42:39 PM Ignore ericbcire Report Abuse Just get it done.
teamsimons Champion Author South Carolina Posts:2,468 Points:500,695 Joined:Aug 2011	Message Posted: Apr 14, 2012 8:42:28 PM Ignore teamsimons Report Abuse Just imagine exporting natural gas in addition to gasoline. Is there a good market for it elsewhere? If so, we wish them well.
REKEY Champion Author South Carolina Posts:8,569 Points:1,697,465 Joined:May 2008	Message Posted: Apr 14, 2012 8:40:49 PM Ignore REKEY Report Abuse Yeah, sell to a FOREIGN country! Thanks a lot!
iamforiu Champion Author Indiana Posts:3,565 Points:709,690 Joined:May 2011	Message Posted: Apr 14, 2012 8:39:13 PM Ignore iamforiu Report Abuse Ok
crep1291 Champion Author Ottawa Posts:2,576 Points:480,635 Joined:Dec 2010	Message Posted: Apr 14, 2012 8:36:43 PM Ignore crep1291 Report Abuse Good for them, but they shouldn't have a monopoly.
letterchunker Champion Author Texas Posts:2,240 Points:666,700 Joined:Aug 2008	Message Posted: Apr 14, 2012 8:35:19 PM Ignore letterchunker Report Abuse If that comes about, it will not be long until the price of natural gas will skyrocket here locally.
kingofcode Champion Author Florida Posts:1,723 Points:473,965 Joined:Jun 2010	Message Posted: Apr 14, 2012 8:35:13 PM Ignore kingofcode Report Abuse OKAY
planoiceman Champion Author Dallas Posts:3,278 Points:476,320 Joined:May 2011	Message Posted: Apr 14, 2012 8:34:08 PM Ignore planoiceman Report Abuse Too bad there weren't more consumer products, like cars, to take advantage of all this natural gas.
hibsaw Champion Author Mississippi Posts:8,032 Points:1,680,015 Joined:Feb 2008	Message Posted: Apr 14, 2012 8:26:11 PM Ignore hibsaw Report Abuse I love that LNG.
nvwarped All-Star Author Corpus Christi Posts:893 Points:453,750 Joined:Sep 2011	Message Posted: Apr 14, 2012 8:26:07 PM Ignore nvwarped Report Abuse ok
esorsd Champion Author St. Louis Posts:5,728 Points:1,636,790 Joined:May 2005	Message Posted: Apr 14, 2012 8:26:02 PM Ignore esorsd Report Abuse Hope it works.
FlyNFool Champion Author South Carolina Posts:8,234 Points:1,684,000 Joined:Aug 2008	Message Posted: Apr 14, 2012 8:24:42 PM Ignore FlyNFool Report Abuse Persistence pays off!
Rancher23 Champion Author Cincinnati Posts:3,188 Points:658,370 Joined:May 2011	Message Posted: Apr 14, 2012 8:23:10 PM Ignore Rancher23 Report Abuse Whatever!!!
g747 Champion Author Mobile Posts:4,532 Points:931,965 Joined:Jul 2009	Message Posted: Apr 14, 2012 8:21:29 PM Ignore g747 Report Abuse We need that for ourselves.
ShabbyPA Champion Author Pennsylvania Posts:2,815 Points:680,490 Joined:Nov 2007	Message Posted: Apr 14, 2012 8:16:19 PM Ignore ShabbyPA Report Abuse Keep it here in the Usa for Americans!!
Ahking Champion Author Orange County Posts:3,502 Points:602,520 Joined:May 2011	Message Posted: Apr 14, 2012 8:13:52 PM Ignore Ahking Report Abuse More exports mean high domestic prices. Therefore, we subsidize exports. Business does better both ways.