LNG facility awaits federal approval for exporting

    View more O&G News
    If you would like to be notified of O&G News Stories, join our O&G Newsletter
    Title: Click Here to View In Original Site

    … Investors spent $1 billion building a facility in Pascagoula to import liquefied natural gas. But plans to bring natural gas into the United States collapsed when explorers began finding large quantities of natural gas in the United States. Now, Kinder Morgan, the pipeline company that operates the facility, is trying to get approval from the U.S. Department of Energy to export natural gas to countries with which the United States doesn’t have free trade agreements.Kinder Morgan vice president Norman Holmes told the Southern States Energy Board yesterday that approval could spark as much as $8 billion of investment at the plant. The board approved a resolution calling on the U.S. Department of Energy and other regulators to ease and speed up licensing of export facilities….