LNG Exports Headed to non-Free Trade Countries
Federal officials give the go-ahead for one Texas refinery to ship Eagle Ford LNG around the world.
Related: Natural Gas Will be a Boom for Eagle Ford Companies
The U.S. Department of Energy has authorized Flint Hills Resources to export liquefied natural gas (LNG) to countries that do not hold a free trade agreement (non-FTA) with the U.S. The order allows Flint to export LNG 3.62 billion cubic feet of natural gas per year over the next 20 years.
Flint Hills plans to purchase the LNG from Stabilis LNG, which is located in Live Oak County.
In April, the U.S. Senate passed the Energy Policy and Modernization Act designed to increase U.S. exports of liquefied natural gas (LNG).
“Exporting our surplus natural gas overseas will not only benefit our allies abroad, it will also drive significant investment into the domestic economy while making sizeable reductions in global greenhouse gas emissions. The shale revolution has fundamentally transformed the American energy landscape; LNG exports now represent an opportunity to allow the rest of the world to benefit.”
Eagle Ford midstream companies are looking to prosper as natural gas exports overtake imports over the next 16 months. The state is in the middle of a massive LNG export terminal buildout along the Gulf Coast.