U.S. companies seeking permission to export natural gas to foreign markets

Hydraulic fracturing has led the U.S. from a shortage of natural gas to a large surplus, and now U.S. companies are seeking permission to export this resource to other markets. Hydraulic fracturing has led the U.S. from a shortage of natural gas to a large surplus, and now U.S. companies are seeking permission to export this resource to other markets, according to the Brownsville Herald.

Now a Houston-based company wants to build a gas liquefaction facility in Brownsville, Texas, close to the border between Texas and Mexico. The company, Texas LNG, promises that the factory would bring hundreds of jobs to the city, as well as improve the local economy.

In order to ship gas overseas, it must first be liquefied. To do this, the gas must be refrigerated to below 260 degrees Fahrenheit.

Meanwhile, the Tyler Morning Telegraph wrote that Jason French, director of government and public affairs for Cheniere Energy, gave a speech at the 2014 Tyler Area Energy Summit about liquefied natural gas and its potential to expand the U.S. economy.

According to French, America is on the cusp of an energy revolution because of its surplus natural gas.

"Our production of natural gas is growing by twice the rate of our consumption of natural gas," French said.

He believes that America must begin exporting its natural gas in liquefied form to meet the market demand in places like Asia.

More information on liquid natural gas can be found on PennEnergy's research area.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs