Exporting Fracking Gas to drive up Home Heating Cost

[FreakinDJ]

Americans need an Excise Tax on LNG exports to keep the American Economy Growing and viable



Here is a list of Fracking Gas / LNG Exports

The U.S. Energy Department has granted Jordan Cove Energy Partners a 30-year license to export liquefied natural gas to a short list of nations with which the United States has free trade agreements.

Read more: http://theworldlink.com/news/local/article_e2b86f69-f43f-5380-81a3-51131e0dda44.html#ixzz1kIHeWXoK

10% LNG Export by 2015?

Despite a well-supplied market, Henry Hub has experienced a rare excitement spiking to a 10-month high partly on the prospect of increasing LNG trade (See Chart) and export after the U.S. Energy Department authorized Cheniere Energy (Amex: LNG) to export LNG from its Sabine Pass terminal.

Chart Source: FT.comSabine Pass is the largest of nine import LNG facilities in the United States. Cheniere Energy plans to retrofit the import terminal for liquefaction capabilities. Construction is set to begin in 2012 and the production is expected to come online in 2015.

Morgan Stanley has estimated that North American LNG export capacity may exceed 6 bcf/d by 2015, or around 10% of the current US daily production of 60 bcf/d. Morgan Stanley said it expects the ramp-up of the LNG export to ease the current stranded price environment as both the US and Canada have LNG export projects in the works targeting LNG export by 2015.

Read more: http://articles.businessinsider.com/2011-07-10/markets/29989302_1_lng-import-terminals-lng-export-lng-trade#ixzz1kIKclJx4

Some Corporate propaganda here

Freeport LNG’s liquefaction facility and export terminal will take advantage of the huge natural gas reserves that have been unlocked in recent years to provide substantial job creation and economic stimulus to the U.S. at large. New natural gas production and export of LNG represents a long-term economic lift to the nation’s natural gas-producing regions and the overall US economy.

http://www.freeportlng.com/Liquefaction_Project_Benifits.asp

COOS BAY (AP) — A company that originally wanted to import liquefied natural gas from overseas through Coos Bay received a preliminary permit Wednesday allowing it to switch to exporting.

http://www.dailyastorian.com/news/northwest/coos-bay-lng-receives-preliminary-permit-for-export/article_f46f2754-21cb-11e1-98c3-0019bb2963f4.html

On December 7, the Federal Energy Regulatory Commision (FERC) granted a 30-year license to Jordan Cove LNG (liquefied natural gas), located in Coos Bay, Oregon, to transform its existing import terminal license into an export terminal license. It would be the first LNG export terminal on the west coast of the U.S., with multiple LNG export terminals also in the negotiation phase, set to be located on the west coast in Kitimat, British Columbia.

http://www.desmogblog.com/another-lng-deal-inked-fracking-export-bonanza-continues