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Economy
Feds Clear $10B Natural Gas Export Plant
2012-04-17
Cheniere Energy Inc. won federal approval to build the largest U.S. natural-gas export terminal....
Waitaminute - were are we gonna get th gas to export?
Green natural gas, of course. Silly...
... as drillers who extract the fuel from shale formations struggle to find domestic buyers to absorb a glut.

The Federal Energy Regulatory Commission approved an order Monday that will let Cheniere build a $10 billion plant adjacent to its Sabine Pass gas-import terminal about 170 miles west of Baton Rouge.
Making it a true import/export terminal.
Cheniere will compete with LNG producers in Indonesia, Yemen, Qatar and Australia that charge customers in Japan and South Korea as much as as 10 times the price of U.S. supplies.
Capitalism - market-driven greed!
Posted by:Bobby

#5  1) I didn't know Baton Rouge was the capital of Louisiana
2) 150 miles west of Baton Rouge is close to Houston, one of the busiest ports in the US.
Posted by: texhooey   2012-04-17 21:42  

#4  If we export all that pesky natural gas to someplace else the resulating CO2 won't warm OUR part of the globe, right? And it will get it out of the way as competition for all our uneconomic green projects.
Posted by: Glenmore   2012-04-17 19:18  

#3  Why on earth build it on the Gulf coast when your markets are in East Asia?
Posted by: phil_b   2012-04-17 18:26  

#2  The politicians who intend to steal it certainly agree...
Posted by: M. Murcek   2012-04-17 17:10  

#1  I'm all for bringing capital back into the US via exports.
Posted by: DarthVader   2012-04-17 12:58  

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