Louisiana LNG Export Proposal Approved (Third one so far)

[NickB79]

http://online.wsj.com/article/SB10001424127887323477604578654070088855686.html

WASHINGTON—A third proposal to export U.S. natural gas won a government green light Wednesday, signaling the approval process is on a faster track despite some concerns that greater exports will raise natural-gas prices at home.

The three projects approved by the Department of Energy would have the capacity to ship 5.6 billion cubic feet of gas a day, or about two trillion cubic feet a year. The U.S. produced about 25 trillion cubic feet in 2012.

The latest approval was awarded to Lake Charles Exports LLC, a venture between U.K.-based BG Group BG.LN -0.04% PLC and Texas-based Energy Transfer Equity LP ETE +1.85% that plans to ship up to two billion cubic feet a day from Lake Charles, La. The approval lasts for 20 years and permits sales to countries that lack free-trade agreements with the U.S., including some in Europe and Japan.

Energy companies are seeking to take advantage of increased U.S. natural-gas production and robust demand around the world. More than a dozen export proposals are still pending before the Department of Energy.

[TheMastersNemesis]

1. Most Of The NG From Fracking Will Eventually Be Exported To China And India

[CanonRay]

2. Anyone who thought all this fracking would benefit us

is either dumb or naïve or both. Why do you think all the pipelines go to the gulf?

[Nihil]

3. But remember: your water tables are only being polluted for the sake of energy independence ...

... oh ... wait a minute ...

... "for the sake of jobs so that you can pay for the increased fuel bills" yeah, that's the ticket!