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The legislation was introduced last summer by Sen. Lisa Murkowski, R-Alaska, chairman of the Senate Committee on Energy and Natural Resources, and Sen. Maria Cantwell, D-Washington.
The shipment is among the first in a wave of liquefied natural gas projects that are coming online even as low oil prices have dragged down the value of natural gas on international markets.
The analysis, posted on the Energy Department’s website Monday, comes as U.S. regulators consider an unprecedented number of proposals to export natural gas from booming shale fields.
The recent surge in domestic oil and gas production offers an opportunity for the United States and China to collaborate, according to a new report.
Consulting firm IHS Inc. says only one in every 20 projects planned are actually necessary by 2025 as weakening Asia economies, cheap coal, the return of nuclear power in Japan and the ever-expanding glut of shale supply in North America temper demand for the power-plant fuel, putting tens of billions of dollars worth of export projects at risk.
Even when U.S. natural gas is super-chilled into a liquid form, shipped by tanker around the globe, and burned to generate electricity, it producers fewer greenhouse gas emissions than the coal it often displaces, according to an industry analysis released Monday.
Baton Rouge-based G2 LNG LLC. announced on Monday that it plans to construct an $11 billion liquefied natural gas export facility on the ship channel in Cameron Parish.
Icahn, an investor famous for buying into large companies and pushing management toward policies intended to benefit shareholders, now owns 11.43 percent of Houston’s Cheniere Energy, according to documents filed by the U.S. Securities and Exchange Commission.
U.S. natural gas exports mark the strength of a recent production boom. The nation has transitioned from constructing gas import terminals prior to 2008, to become the largest producer of petroleum and natural gas in the world last year, thanks to advances in extracting the fuel from shale deposits.
On Cheniere, Chanos is squaring off against billionaire Carl Icahn, an activist investor who is Cheniere’s biggest shareholder, with more than an 8 percent stake.