Texas Shale Gas Headed For Europe
Shale Hoard Behind U.S. Energy Renaissance Set Loose On Globe
By Guest Column Dr. Benny Peiser—— Bio and Archives--January 5, 2016
Global Warming-Energy-Environment | Comments | Back To Full Article
Texas shale gas is setting sail for Europe. Cheniere Energy has begun liquefying natural gas at its Sabine Pass terminal on the Texas-Louisiana border. The gas will be loaded onto a ship scheduled to travel overseas later this month. That’s welcome news for Texas and U.S. gas producers. A glut of shale gas has depressed prices in the domestic market. Slower growth in China and South Korea have clouded prospects for LNG shipments from Alaska to Asia. That leaves Europe, where demand for natural gas remains strong — and prices are much higher. --Jack Beavers, WFAA News, 4 January 2016
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