America’s About to Double the Shale Gas It Sends Overseas

Posted on Oct 13, 2016 in News

Bloomberg | Naureen Malik | 10/13/16

The U.S. is set to double the volume of shale natural gas it’s sending abroad.

Cheniere Energy Inc., which became the nation’s first and only exporter of shale gas in February, was cleared by U.S. regulators on Wednesday to start loading tankers with liquefied natural gas from a second plant at its landmark Sabine Pass terminal in Louisiana.

The additional volumes of U.S. LNG will come at a testing time for the global market, which is reeling from a worldwide glut that’s set to worsen through 2020 as demand from key Asian customers slows. Still, the first exports from the lower 48 states have helped whittle down a U.S. surplus of the power-plant fuel and put Cheniere on the road to posting its debut profit.

Full story here.