The United States to start fuelling the World

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Federal government authorities agreed on global export of American natural gas. This essential decision gets historic importance in energy market diversification.

Freeport LNG, Texas may be the first facility eligible to become full played liquefying  and shipping terminal in the United States as if Energy Department reviews its application. Terminal was built four years ago and now modified for total $10 billion. Freeport LNG’s management has already concluded preliminary agreements with Japaneese Chubu Electric Power and Osaka Gas and also with BP. Initial overseas exports could start this Summer.

“This incremental, thoughtful approach supports an increased level of natural gas production and adds certainty for domestic manufacturers who seek to invest in the U.S. and grow jobs,” Dow Chemical Co. management said.

Authorities set limit of 1.4 billion cubic feet daily shipping over the next 20 years. More than 10 companies by this time requested  permission to export US-produced natural gas. Decision threatens European gas monopolist and might change everyday life of EU citizens.

Feds give Texas project license to broadly export LNG || Fuelfix

CORRECTION:

“ConocoPhillips does not have liquefaction capacity as part of this newly announced export licensing. ConocoPhillips is a managing partner in the Freeport LNG facility and has import capacity.
ConocoPhillips has a long-term agreement with Freeport LNG Development, L.P. to utilize 0.9  BCFD of regasification capacity at Freeport’s 1.5  BCFD LNG receiving terminal in Quintana, Texas. The terminal became operational in 2008. In order to deliver natural gas from the Freeport Terminal to market, ConocoPhillips constructed a 32-mile, 42-inch pipeline from the terminal to a point near Iowa Colony, Texas. Market conditions currently favor the flow of liquefied natural gas (LNG) to European and Asian markets; therefore, the company’s near-to-mid-term utilization of the terminal and the pipeline is expected to be limited to LNG storage and related activities.” We are utterly sorry for any misconceptions.

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Gordon Wasilewski

BSc in Petroleum Engineering student at AGH University of Science and Technology. YoungPetro Editor

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