Are More LNG Exports Around the Corner?

By Joel South and Taylor Muckerman – Jun 25, 2013 at 7:59AM

NYSE: LNG

Cheniere Energy

Market Cap

$36B

Today's Change

(-0.73%) -$1.19

Current Price

$161.38

Price as of February 2, 2024, 4:00 p.m. ET

It was two years between the Department of Energy approved Cheniere Energy's Sabine Pass facility and the Freeport LNG project. More decisions are on the horizon.

In the recent 2013 EIA Energy Conference, the newly appointed Secretary of Energy, Dr. Ernest Moniz, promised that the Department of Energy's approval process for LNG exporting facilities will be addressed expeditiously. This is good news since the recent Freeport LNG approval came two years after Cheniere Energy's (LNG -0.73%) Sabine Pass project secured a permit.

With plenty of natural gas arbitrage opportunities around the world, moving LNG to high-price markets is essential. With around 20 applications still on file, gaining non-free trade export approval will be intensely selective.

Joel South has no position in any stocks mentioned. Taylor Muckerman has no position in any stocks mentioned. The Motley Fool recommends Dominion Resources and Spectra Energy. 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.