The U.S. government on Friday issued the first-ever approval for the export of liquified natural gas (LNG) from the lower 48 states to all U.S. trading partners. The approval went to Sabine Pass Liquefaction, LLC, a subsidiary of Houston-based Cheniere Energy Partners, L.P. (AMEX: CQP). The U.S. Department of Energy (DOE) said the approval will stimulate thousands of new construction and domestic natural gas production jobs in Louisiana, Texas, and several other states.
Australia has the fastest growing liquified natural gas (LNG) industry in the world and is on track to eclipse Qatar as the world’s largest producer by the end of the decade. It is, therefore, ideally positioned to fill much of the energy void in Japan if that country reduces its use of nuclear energy in the aftermath of the crisis at the Fukushima Daiichi nuclear plant.