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发帖数: 2605 | 1 Sempra Unit Receives US Liquefied-Natural-Gas Export Permit
Published January 20, 2012
Dow Jones Newswires
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HOUSTON – The U.S. Department of Energy said Friday it has authorized
Cameron LNG to export liquefied natural gas, opening the door wider for U.S.
natural gas companies to send their bounty overseas.
The export permit is only the third awarded in the U.S. It allows Cameron, a
wholly-owned subsidiary of California-based natural gas distributor and
marketer Sempra Energy (SRE), to ship up to 1.7 billion cubic feet a day of
LNG from its in Cameron Parish, La., facility to countries possessing free-
trade agreements with the U.S.
Sempra spokeswoman Paty Mitchell said the company was receiving "serious
interest from significant credit-worthy counterparties" for LNG shipments.
The company is still waiting for federal permission to export LNG to any
country that doesn't have a free trade agreement with the U.S., Mitchell
said. Cameron also has to win government approval to build export facilities
at the Cameron Parish site.
The Energy department permit was awarded on Jan. 17 and is good for 20 years
after the first export shipment, expected in 2017.
U.S. natural gas producers are hoping to sell the commodity overseas, where
it can command much higher prices than in the U.S. New drilling technologies
such as horizontal drilling and hydraulic fracturing have unlocked new
sources of natural gas in the U.S., increasing supply and helping to drive
prices to a 10-year low.
Natural gas futures settled at $2.343 a million British thermal units Friday
. That was nearly $2 lower year over year and down from nearly $14 in July
2008. U.S. LNG exports could drive domestic natural gas prices up as much as
36% in 2018, according to a recent report by the U.S. Energy Information
Administration.
Cheniere Energy Inc. (LNG) won federal approval in May to export 2.2 billion
cubic feet a day of LNG out of its facility in Sabine Pass, La.; the
company plans to send its first shipment by 2016. ConocoPhillips' (COP)
Kenai LNG plant in Alaska sent small amounts of LNG before suspending
operations in 2011.
Copyright © 2012 Dow Jones Newswires
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