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Commentary

Additional exports of US natural gas approved

17 May 2013 by Jim Fickett.

There are a number of US natural gas liquefaction and export facilities planned and awaiting approval (North American LNG exports will make a significant difference in a few years). Today the Freeport, Texas project was approved. That is in addition to one other facility already approved, at Sabine Pass, LA.

How much difference do approvals so far make to the gas market?

Sabine Pass will begin exporting in 2016, and Freeport in 2017. Together they will export 3% to 4% of US production. So there will be no effect for 3-4 more years, and even then a relatively small portion of the market. Still, this is one more positive for the long-term prospects of natural gas.