U.S. policymakers have dragged their feet on a definitive answer for liquefied natural gas, or LNG, exports for quite a while, and several countries are taking advantage of the delay. With over $150 billion at stake, companies in Australia, Canada, and Papua New Guinea have made a strong push to build out LNG export terminals to capture the lucrative Asia-Pacific market.
In this video, Fool.com contributor Tyler Crowe explains how the concentration of possible LNG export facilities along the U.S. Gulf Coast will not help the country capture this market, and how there are several companies that are betting on better success on other shores. Investors shouldn't completely fret, though, because many American companies are the ones setting up shop overseas.
