LNG export terminals are off to the races! There is a gold rush like fervor to LNG facilities because each company wants to shore up market share before demand is fulfilled around the globe. Chevron's (NYSE:CVX) Angola LNG is one of the first ones to get there. Chevron just announced that it had shipped its first LNG cargo from the facility to Brazil last week. The addition of LNG provides producers something they haven't had in the domestic market there, demand for natural gas.
Although this project is one of the first facilities to come online as LNG exports ramp up, it could be just the beginning for Africa LNG. Projects on the other side of the continent are finding massive quantities of natural gas, and LNG exports is the most likely market for it. In this video, Fool.com contributors Tyler Crowe and Aimee Duffy take a look at the potential for African natural gas and some of players in the space.
Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them both on Twitter@TMFDuffy and @TylerCroweFool, respectively.
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