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U.S. approves additional exports from Freeport LNG

  • The Energy Department conditionally approves more exports of liquefied natural gas from ConocoPhillips' (COP) Freeport LNG facility in Texas, a move that could lead to more shipments of the fuel in coming years.
  • Freeport LNG now has approval to export 1.8B cf/day of natural gas for 20 years to countries that do not have a free-trade agreement with the U.S., subject to environmental review and final regulatory approval; in May, Freeport gained approval to export 1.4B cf/day.
  • The U.S. government now has authorized ~6.8B cubic feet of natural gas to be exported to non-free trade nations.
Comments (13)
  • Michael Fitzsimmons
    , contributor
    Comments (9216) | Send Message
     
    I believe this post to be incorrect. As I explained in this article:

     

    http://seekingalpha.co...

     

    COP has no equity interest in the Freeport LNG plant. That said, COP is likely to supply it with natural gas.
    15 Nov 2013, 06:04 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2646) | Send Message
     
    Good article clearing up the ownership interest in Freeport LNG. Personally I constantly have to tell myself this has nothing to do with FCX every time I read about it.
    15 Nov 2013, 06:32 PM Reply Like
  • idkmybffjill
    , contributor
    Comments (1693) | Send Message
     
    Wait, wait, wait..... I thought our government doesn't do anything good for our energy independence? Or so some pundits on here repeatedly claim?
    15 Nov 2013, 06:04 PM Reply Like
  • AZ Desert Trader
    , contributor
    Comments (242) | Send Message
     
    They only don't if you watch Faux Noise network
    15 Nov 2013, 09:43 PM Reply Like
  • justaminute
    , contributor
    Comments (689) | Send Message
     
    How does exporting LNG do anything for "our energy independence?" Sheesh.
    15 Nov 2013, 11:17 PM Reply Like
  • chuckbryden
    , contributor
    Comments (6) | Send Message
     
    Ummm companies shouldn't have to ask the govt for permission to export in the first place. They are merely getting in the way
    16 Nov 2013, 07:18 AM Reply Like
  • Mark Romero
    , contributor
    Comments (111) | Send Message
     
    Exporting because our pathetic government won't take advantage of our massive natural resource.
    16 Nov 2013, 07:21 AM Reply Like
  • Michael Fitzsimmons
    , contributor
    Comments (9216) | Send Message
     
    Yes, I agree afmarko99. The US should only consider nat gas exports after we have transitioned the car and truck fleet over to natural gas transportation to reduce foreign oil imports and CO2 and toxic particulate emissions. The US economy would take off like a rocket if, instead of sending all our money overseas for foreign oil, we sent it American energy companies and nat gas royalty holders and kept the $ inside the country. The economic multiplier effect would be phenomenal.
    16 Nov 2013, 08:21 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2646) | Send Message
     
    Good luck trying to explain economic multipliers to Congress. Its hard to get people to see the long term when they only look to the midterm elections
    16 Nov 2013, 11:40 AM Reply Like
  • idkmybffjill
    , contributor
    Comments (1693) | Send Message
     
    Do any of the far-righters here know that the Koch brothers are actually one of the biggest reasons why natural gas isn't as widespread in the US as it might be otherwise? I think it might help for some of you to actually open your eyes to this fact - T. Boone Pickens has in fact brought this up publicly.
    16 Nov 2013, 08:00 PM Reply Like
  • justaminute
    , contributor
    Comments (689) | Send Message
     
    The far-lefts obsessive fixation on the Koch brothers borderlines on clinical. Meanwhile, the far-left occupant in the White House is doing damage to industries and the economy on a scale that dwarfs anything Koch industries could ever inflict.
    16 Nov 2013, 10:20 PM Reply Like
  • ComputerBlue
    , contributor
    Comments (840) | Send Message
     
    I've been adding to the low cost gas producers I own today..low gas prices have created one of the best investment opportunities since the 08 financial crisis.
    16 Nov 2013, 08:19 AM Reply Like
  • miriam ledwith
    , contributor
    Comments (183) | Send Message
     
    Warren Buffet has recently purchased a large amount of XOM. And the EPA ruling in regards to ethanol was made public in the last 24. Interesting, market moving news often happens on the weekend. mnl
    16 Nov 2013, 05:14 PM Reply Like
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