Do Energy Companies Know Something About Natural Gas Exports That We Don't?

By Tyler Crowe and Aimee Duffy – May 10, 2013 at 5:31PM

NYSE: GE

GE Aerospace

Market Cap

$178B

Today's Change

(8.28%) $12.43

Current Price

$162.62

Price as of April 23, 2024, 4:00 p.m. ET

Dominion just made a huge and risky investment in liquefied natural gas exports. What do they know that we don't?

In the video below, Fool.com energy contributors Tyler Crowe and Aimee Duffy discuss a new deal between GE's (GE 8.28%) oil and gas division and Dominion's (D 0.08%) Cove Point LNG terminal, which supplies Dominion with some very expensive equipment for exporting liquefied natural gas from that location. The only trouble is, Dominion doesn't have a license to export natural gas. Does the company know something that we don't about the future of natural gas exports? Tyler tells us why Dominion would make a move like this, and what some of the possible outcomes are.

Motley Fool contributor Aimee Duffy has no position in any stocks mentioned. Motley Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Dominion Resources and El Paso Pipeline Partners LP. The Motley Fool owns shares of General Electric Company. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.