Happy Gas! Freeport Gas Expansion Announced
Source: ENERGY GOV
According to an article by ENERGY.GOV, the US Energy Department has announced that it has conditionally authorized Freeport LNG Expansion, L.P. and FLNG Liquefaction, LLC (Freeport) to export domestically produced liquefied natural gas (LNG) to countries that do not have a Free Trade Agreement (FTA) with the United States from the Freeport LNG Terminal on Quintana Island, Texas.
The licence will be only the second such licence operational in the US, behind Cheniere Energy’s Louisianna licence, but there are around a dozen other licences currently being assessed.
For the second time this month we highlight another major develoment in our long term US natural gas energy boom thesis. At UGC, we welcome these developements as confirmation that the mega-trend, although in its infancy, is well and truely picking up steam.
For the past 12 months, clients of UGC have been taking advantage of several attractively valued companies which stand to benefit substantially from this long term investment theme. At UGC, we are excited by this potentially game changing development in energy, a development which has the potential to make the US the Saudi Arabia (as dubbed by Stansberry Research) of natural gas and our clients a lot of money.
According to the article, The US Energy Department conducted an extensive, careful review of the application to export LNG from the Freeport LNG Terminal. Among other factors, they considered the economic, energy security, and environmental impacts — as well as public comments for and against the application and nearly 200,000 public comments related to the associated analysis of the cumulative impacts of increased LNG exports — and determined that exports from the terminal at a rate of up to 1.4 Bcf/d for a period of 20 years was not inconsistent with the public interest.
The expansion in US natural gas could quite literally be the start of a major boom time for the US economy, with major new revenues streams and capital investment creating new employment opportunities in the energy sector and in the industrial sectors that are heavily reliant on secure and stable sources of affordable energy.
We (UGC) first wrote about the benefits of investing in the US gas boom back in May 2013. To help get some perspective of this opportunity, click on the following article.
Read the full article here.
If you would like to learn how you can take advantage of this exciting new mega-trend, contact UGC today and speak with one of our financial strategists for a No Cost, No Obligation consultation on 03 8657 7640 or email email@example.com.
The information contained in this report is General in nature and has been prepared without taking into account your objectives, financial situation and needs.