Cheniere Energy Inc. won federal approval to build the largest U.S. natural-gas export terminal....Waitaminute - were are we gonna get th gas to export?
Green natural gas, of course. Silly...
... as drillers who extract the fuel from shale formations struggle to find domestic buyers to absorb a glut.
The Federal Energy Regulatory Commission approved an order Monday that will let Cheniere build a $10 billion plant adjacent to its Sabine Pass gas-import terminal about 170 miles west of Baton Rouge.
Making it a true import/export terminal.
Cheniere will compete with LNG producers in Indonesia, Yemen, Qatar and Australia that charge customers in Japan and South Korea as much as as 10 times the price of U.S. supplies.
Capitalism - market-driven greed!