Cheniere Energy(NYSEMKT: LNG) is the first and only U.S. company to receive a Department of Energy license and Federal Energy Regulatory Commission approval to export liquefied natural gas. With the massive natural gas surpluses that the U.S. is experiencing at the moment, and the huge premiums other nations are paying for it, this is an enormous development for the company. In this video, Motley Fool energy analyst Taylor Muckerman details some of the moves that Cheniere is making to take advantage of its unique status and increase its liquefaction and export capabilities, and ponders what this will mean for the company financially.
Cheniere enjoys its new status.
About the Author
Taylor Muckerman was lead energy & materials analyst for fool.com from 2012-2013. He is now Head of Retention for Motley Fool Canada.
