3 foreign companies invest in U.S. LNG export project

dealbook.nytimes.com Published: May 20, 2013
Advertisement
;

Mitsui and Mitsubishi of Japan, and GDF Suez of France each plan to take a stake in a gas export plant being developed at Hackberry, La., the New York Times reports.


International companies, responding to a ravenous global appetite for natural gas, particularly in Japan and Europe, want access to shale gas from the United States, which has emerged as an important new source over the last few years.
But because the United States has only recently shifted from being a gas importer to being self-sufficient in the fuel, the government has not yet agreed to allow exports except in a few cases and to the 20 countries with which it has free trade agreements, including Panama and Costa Rica.

Read the rest of this post on dealbook.nytimes.com