The idea of lower 48 LNG exports is becoming a reality. A few months back Cheniere start the trend. I made this prediction last November:
What's next? - I assume the Cheniere business model is a good one and similar import terminals with the right ingredients will follow suit. See page 38 of the Cheniere presentation (LINK) for plant volumes.This week the Department of Energy authorized Sempra to export LNG from the Cameron Parish Site (LINK), and quote:
HOUSTON -(MarketWatch)- 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, 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.