When the natural gas boom took off in the United States, many investors and entrepreneurs saw immense opportunities in ventures such as liquefied natural gas exports. It has been a couple of years now and the reality of the LNG market is starting to set in. All over the globe, LNG export facilities are starting to get built, and the supply for this emerging market is starting to look oversupplied. Just two of the oil majors, ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX), are constructing or have plans in the works to increase global LNG export capacity by one-third, and none of those facilities are in the U.S.
To find out more about what all of this LNG export capacity will mean for the global market and to find out if investments in LNG companies like Cheniere Energy (NYSEMKT:LNG) and Kinder Morgan Energy Partners (NYSE:KMP), tune into the video below.
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