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An artist rendering of Cheniere Energy's proposed LNG export terminal in Corpus Christi.

Feds hand key LNG export license to Cheniere’s Corpus Christi project

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With the move late Tuesday, the Energy Department is allowing Cheniere to export as much as 2.1 billion cubic feet per day of liquefied natural gas over the next 20 years from the planned facility to countries with which the United States does not have free trade agreements.
(Aaron M. Sprecher/Bloomberg)

KBR reports income up after restructuring that cut 1,000 jobs, 11 business segments

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The company announced a major restructuring of the business last December that includes 1,000 job cuts and a reduction in business segments to five from 16 that it said will result in a $200 million annual cost reduction.
An LNG tanker. Photographer: Tomohiro Ohsumi/Bloomberg

EIA: The U.S. will be a net natural gas exporter by 2040, even with the most conservative projection

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The U.S. could be exporting anywhere between 0.2 trillion cubic feet and 10.3 trillion cubic of liquefied natural gas by 2040, according to the latest government projection.
(Michael Stravato/The New York Times)

International LNG import terminals head offshore, EIA says

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The floating regasification facilities can be developed more quickly than onshore facilities of comparable size and can be moved around to serve other areas once larger projects are in place.
CERAweek attendees between sessions during the IHS Energy CERAWeek Wednesday April 22, 2015 at the Hilton Americas-Houston. (Billy Smith II / Houston Chronicle)

CERAWeek: Freeport CEO says U.S. is only in the “fourth inning” of natural gas development

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The flood of natural gas unleashed by the shale boom is shaping the North American economy in wide-reaching and disparate ways, a panel of top gas industry executives said Wednesday.
Charif Souki, CEO of Cheniere Energy speaks during an interview, Cheniere is among Houston's top workplaces, according to a Chronicle survey Wednesday, Sept. 18, 2013, in Houston.
(James Nielsen/Houston Chronicle)

CERAWeek: With ample U.S. gas, LNG export debate is over, Cheniere CEO says

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Companies no longer need to follow Cheniere’s business model and invest billions of dollars to wrestle their way into an increasingly crowded market to sell liquefied natural gas overseas, CEO Charif Souki said Wednesday.
David Foley, CEO of Blackstone's energy investing arm, speaks during a panel at IHS CERAWeek in April 2015.

CERAWeek: Blackstone exec says don’t worry about U.S. LNG project overbuild

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The CEO of Blackstone’s energy arm says there’s little chance U.S. liquefied natural gas firms will build more export facilities than the global market can handle now that oil prices have collapsed.
Panelists discuss the future of LNG amid collapsing crude prices on the third day of IHS Energy's CERAWeek conference in Houston. (Houston Chronicle)

CERAWeek: Weaker LNG projects could “lose their nerve” amid a slowdown, Parallax CEO says

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Falling oil prices are pumping the brakes on the global liquefied natural gas market, forcing a much-needed cooling-off period for a white hot market that has rapidly expanded in recent years, a panel of LNG experts said Wednesday.
A panel of Middle East experts discusses OPEC's role amid the U.S. shale boom at IHS Energy's CERAWeek conference. (Houston Chronicle)

CERAWeek: OPEC’s not dead, just different

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OPEC no longer has the same stranglehold over oil markets it once had, but it’s wrong to declare the cartel dead, a panel of Middle East experts and analysts said Tuesday.
A 40-year-old ban on U.S. crude oil exports means oil tankers in U.S. waters usually are bringing the cargo into U.S. ports. (Michael Stravato/The New York Times)

Natural gas industry lobbyists ask feds to put LNG projects on fast track

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America’s Natural Gas Alliance on Tuesday called on the federal government to revamp its lengthy and expensive permitting process for projects aimed at exporting supercooled gas to foreign markets, arguing that such exports are in the country’s national interest.