The Federal Energy Regulatory Commission gave its approval for the construction of a liquefied natural gas export facility in Cameron Parish, La., clearing the final regulatory hurdle for Cheniere. Pending financing for the project, estimated to cost $10 billion, Cheniere would become the only large-scale LNG exporter in the U.S.
FERC authorized Cheniere to export LNG for 20 years. Cheniere says it can start in 2015, although this strikes me as somewhat optimistic.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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