Posted - January 9, 2013 - Hellenic Shipping News Worldwide- Bloomberg
Texas LNG LLC is seeking approval from the U.S. Energy Department to
export as much as 2 million tons of liquefied natural gas a year from
south Texas.
Permission to ship to markets covered by free trade agreements is
expected as soon as the end of the first quarter, the closely held,
Houston-based company said yesterday in a statement. Shipping to non-FTA
markets may be approved later this year, Chief Executive Officer Vivek
Chandra said in the statement.
A surplus in natural gas output stemming from the hydraulic fracturing
of previously untapped shale deposits has prompted U.S. companies to
seek export outlets. Cheniere Energy Inc. (LNG) was the first to gain
approval for LNG exports in the lower 48 states. Freeport LNG
Development LP said in June the U.S. may have as many as six LNG
projects by 2022.
Texas LNG signed a lease option agreement with the Port of Brownsville
in December as a possible location for its proposed LNG export facility.
Source: Bloomberg
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