Saturday, May 21, 2011

LNG News -- Not Necessarily a Bakken Story

Anon 1 sent in the following comment:
LNG export news.

http://phx.corporate-ir.net/phoenix.zhtml?c=207560&p=irol-newsArticle&ID=1566412&highlight=

"Sabine Liquefaction received long-term, multi-contract authority to export on its own behalf, or as agent for others, up to the equivalent of 803 Bcf per year (approximately 16 million metric tons per annum ("mtpa")) of domestically produced natural gas as LNG. "

http://www.cheniereenergypartners.com/default.shtml
As a frequent critic of the current administration's energy policy (an oxymoron?) I am surprised with this news about the US approving the export of LNG, but very, very happy to see it, and commend the administration for supporting the program.