The Obama administration, which must approve exports of liquefied natural gas,
or LNG Training, to all but a handful of countries with free trade agreements,
has approved one terminal for exports, Cheniere Energy's Sabine Pass. It
has delayed decisions on about eight applications for terminals from
other companies, including Dominion Resources and Southern Company.
In March the Department of Energy delayed an LNG exports study on which it will base the terminal decisions until later this summer. A public comment period will follow the study, which means a decision runs the risk of being delayed until after the election.
Recently
refined drilling technologies, including hydraulic fracturing, or
fracking, have led to a boom in U.S. natural gas production. Just years
ago the country was looking at having to import massive amounts of the
fuel, but now it could become a major exporter.
Many of the export terminals could be added to the more than 10 existing LNG ports, such as Cheneire's Sabine Pass, that were built to import the fuel before the fracking boom.
But many U.S. manufacturers worry a big expansion in U.S. exports could raise the price for businesses and consumers.
In March the Department of Energy delayed an LNG exports study on which it will base the terminal decisions until later this summer. A public comment period will follow the study, which means a decision runs the risk of being delayed until after the election.
Recently
refined drilling technologies, including hydraulic fracturing, or
fracking, have led to a boom in U.S. natural gas production. Just years
ago the country was looking at having to import massive amounts of the
fuel, but now it could become a major exporter.Many of the export terminals could be added to the more than 10 existing LNG ports, such as Cheneire's Sabine Pass, that were built to import the fuel before the fracking boom.
But many U.S. manufacturers worry a big expansion in U.S. exports could raise the price for businesses and consumers.
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