Following a recently released Dept. of Energy macroeconomic study that concluded exporting natural gas would have an overall positive economic benefit, U.S. contractors are supporting a rush of feasibility and engineering work for potential liquefied-natural-gas, or LNG, export terminals.
DOE could begin deciding within a month whether to let developers export LNG to countries without free-trade agreements (FTA) with the U.S. A favorable ruling would send exporters scurrying down the long road to approval from the Federal Energy Regulatory Commission (FERC), then securing multibillion-dollar contracts and financing to build the behemoth terminals.