Exxon performance, spending cuts rattle investors’ nerves


Can the US Solve Japan’s Energy Crisis?

pundit from another planet

Gabe Collins writes:  Japan first imported U.S. liquefied natural gas (“LNG”) from the Kenai facility in Alaska in 1969. Kenai is now mothballed and Alaska officials have asked ConocoPhillips to consider resuming exports. But the real story comes from the second-largest U.S. state: Texas, as well as its neighbor Louisiana. In both states, LNG facilities that were originally slated to bring gas into the U.S., but lost that opportunity after the shale revolution dramatically increased U.S. natural gas output, now seek a new lease on life as LNG export stations. CheniereSempra LNG and Freeport LNG aim to bring their plants on the Texas and Louisiana coasts into commercial production starting 2016/2017, and could eventually export more than 40 million tonnes of LNG annually, making the U.S. one of the world’s largest suppliers of the fuel.

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