• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive

3

Inside the 'stealth wealth' playbook: How Silicon Valley's elite buy multimillion-dollar mansions without leaving a paper trail

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive

3

Inside the 'stealth wealth' playbook: How Silicon Valley's elite buy multimillion-dollar mansions without leaving a paper trail
liquified natural gas

Natural gas exports set to take off as Energy Department approves two new projects

By
Michael Casey
Michael Casey
Down Arrow Button Icon
By
Michael Casey
Michael Casey
Down Arrow Button Icon
September 10, 2014, 8:06 PM ET
A liquefied natural gas (LNG) tanker arr
A liquefied natural gas (LNG) tanker arrives at a gas storage station at Sodegaura city in Chiba prefecture, east of Tokyo on April 6, 2009 for the first shipment of LNG from Sakhalin-2 natural gas development project in Sakhalin, Russia. AFP PHOTO / JIJI PRESS (Photo credit should read STR/AFP/Getty Images)Photograph by STR/AFP/Getty Images

U.S. regulators have approved construction of two plants for exporting natural gas, potentially to lucrative markets in Europe, Japan, Taiwan and other parts of Asia.

The permits, awarded to Cameron, a subsidiary of Sempra Energy, for a Louisiana facility, and Carib Energy’s smaller plant in Florida, represent a significant milestone for the industry. They are only the second and third facilities approved to export liquified natural gas, or LNG, to nations without free trade agreements with the United States.

The Cameron LNG Terminal in Cameron Parish, Louisiana is authorized to export up to the equivalent of 1.7 billion standard cubic feet per day of natural gas for a period of 20 years. Construction is expected to be complete by 2018. Carib, meanwhile, will be able to export 40 million cubic feet per day from its proposed liquefaction facility in Martin County, Fla. It was unclear when Carib would start its exports.

The two projects join Cheniere Energy’s Sabine Pass project, which is under construction near the Louisiana-Texas border after winning its final permits in 2012.

“Today’s decision marks the last major regulatory hurdle for our Cameron LNG liquefaction-export project, clearing the way for construction to begin on the largest capital project in Sempra Energy’s history,” Debra L. Reed, CEO of Sempra Energy (SRE), said in a statement. “This landmark project will create thousands of jobs and economic benefits for Louisiana and the U.S. for decades to come, while delivering natural gas to America’s trading partners in Europe and Asia.”

The decision was welcomed by U.S. Sen. Mary Landrieu (D-La.), who chairs the Senate Energy and Commerce Committee and has in the past has lobbied for approval of the Cameron project. She said it could see “position the United States as an energy superpower.”

“Responsible LNG exports are critical to the economic future of the United States and I will continue to work closely with the Department of Energy under its new, streamlined process to secure approval for additional projects in the pipeline as quickly and efficiently as possible,” she said.

The export approvals by the Energy Department come amidst an energy boom in the United States driven by hydraulic fracking in states like Texas, Pennsylvania and Ohio. It has resulted in a glut of natural gas that has pushed down prices and prompted calls for exports to foreign markets where prices are higher.

Industry groups like the American Petroleum Institute have argued exports could add as much as $31 billion to the economies of fracking states and add as many as 155,000 jobs.

Environmental groups led by the Sierra Club, however, oppose exports because they fear it will lead to increased fracking which they consider “dirty and dangerous.” Refiners and others in the industry fear it will exports will increases prices and put a halt to a manufacturing revival that has benefited from the low natural gas prices.

Several big names have in recent days come out in favor of exports of natural gas and the even more controversial push to allow exports of crude oil – which has for the most part been banned since the 1973 oil embargo.

European Union Trade Commissioner Karel De Gucht told reporters Tuesday the exports should be allowed in light of ongoing tensions with Russia over the conflict in Ukraine. Europe depends heavily on Russia for natural gas.

Former Treasury Secretary Lawrence Summers, in a speech Tuesday at the Brookings Institution, said lifting the ban would bolster United States power abroad and allowing the export of natural gas would help combat global warming.

“The question is whether we are going to organize our public policies in a way that enables that natural gas to be shared with the rest of the world so that it can do there what it has done here permit the displacement of coal or whether we are going to seek to horde that natural gas here and allow coal exports to continue on a substantial scale,” he said. “I cannot see a rational argument for the latter course.”

In awarding permits, the Energy Department weighed such factors as economic ramifications and natural security, which delayed approvals. There are still dozens more projects awaiting similar approvals. Countries without free trade agreements with the United States are considered the most lucrative for LNG exports because many of them have huge appetites for energy.

But environmentalists contend natural gas is not the answer to climate change, noting that methane leaks from tracking projects are a growing contributor to global emissions.

“In supporting liquefied natural gas exports, President Obama is treating climate change like a game of peak-a-boo, opening his eyes to the harmful impacts of carbon but closing them to the devastating disruption potential of methane,” said Kate DeAngelis, climate and energy campaigner for Friends of the Earth. “Allowing more LNG exports completely counteracts President Obama’s expressed commitment to reduce emissions and protect the public health.”

 

About the Author
By Michael Casey
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Simon Sinek says the most successful people in the world ‘hit zero’ or came close to it: Failure is ‘the gift’
Successmanagement advice
Simon Sinek says the most successful people in the world ‘hit zero’ or came close to it: Failure is ‘the gift’
By Sydney LakeMay 25, 2026
6 minutes ago
mollick
Economydisruption
‘Nobody knows anything’ and ‘this time is different’: the phrases that define — and haunt — the AI economy
By Nick LichtenbergMay 25, 2026
9 minutes ago
Forget quiet quitting—4 in 10 millennials are taking ‘quiet vacations’ and checking out of work (and the country) on company dime instead
SuccessMillennials
Forget quiet quitting—4 in 10 millennials are taking ‘quiet vacations’ and checking out of work (and the country) on company dime instead
By Orianna Rosa RoyleMay 25, 2026
14 minutes ago
Kevin O'Leary gestures while testifying before Congress
Successwork culture
Shark Tank star Kevin O’Leary blasts the 4-day week as the ‘stupidest idea’ because the digital economy means we’re always working
By Preston ForeMay 25, 2026
20 minutes ago
Aerial view of a huge mansion and tennis court near waterways
Real EstateHomeownership
A billionaire and an A-list actor found refuge in a 37-home Florida neighborhood with armed guards—proof that privacy is now the ultimate luxury
By Marco Quiroz-GutierrezMay 25, 2026
24 minutes ago
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries’ train system for the U.S.’s ‘D’ rated infrastructure
Travel & LeisureInfrastructure
The U.S. campaigned to host the World Cup. Now soccer fans will trade their countries’ train system for the U.S.’s ‘D’ rated infrastructure
By Catherina GioinoMay 25, 2026
35 minutes ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
4 days ago
Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive
Lifestyle
Uber CEO says rideshare 'freed up' his son from having to get a driver’s license—and he's one of many Gen Zers who aren’t willing to drive
By Sasha RogelbergMay 24, 2026
1 day ago
Inside the 'stealth wealth' playbook: How Silicon Valley's elite buy multimillion-dollar mansions without leaving a paper trail
Real Estate
Inside the 'stealth wealth' playbook: How Silicon Valley's elite buy multimillion-dollar mansions without leaving a paper trail
By Sydney LakeMay 24, 2026
1 day ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
3 days ago
This 39-year-old quit his lineman job during the pandemic and built a $50 million company in his backyard
Success
This 39-year-old quit his lineman job during the pandemic and built a $50 million company in his backyard
By Nick LichtenbergMay 23, 2026
2 days ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
6 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.