Will New LNG Export Activity Affect U.S. Natural Gas Prices?

Earlier this week, the U.S. Department of Energy announced that it conditionally approved the first West Coast LNG terminal, the Jordan Cove Energy Project in Coos Bay, Oregon, for the export of up to 800 million cubic feet of gas per day to Asian countries without free trade agreements with the U.S., such as Japan and India.

The approval of exports to non-free trade agreement countries in Asia bodes well for exports to Europe in the future. All signs, in fact, are appropriately pointing to greater U.S. natural gas exports to Europe in the future – and none too soon, given Russia’s recent power move in the Ukraine.

Click here to read the entire article by Ronald W. Schuler.

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