Natural gas suppliers from Sempra Energy to Exxon Mobil Corp. are fighting for the first U.S. export permits after a study said selling some of the fuel to Asia will benefit the economy more than consuming it domestically.
Asian demand for natural gas has risen so sharply in recent years that Alaska wants to build a $50 billion pipeline and export terminal to move its stranded supply offshore. Exxon Mobil Corp., BP Plc and ConocoPhillips will deliver plans for such a project to Alaska Governor Sean Parnell by the end of this month.
Spectra Energy Corp. detected a “small” leak in an offshore 20-inch natural-gas pipeline, Wendy Olson , a company spokeswoman. The line is 80 miles (130 kilometers) from Cameron Parish, Louisiana, she said.
GAIL India Ltd., the first Asian company to buy liquefied natural gas from the U.S., plans to take advantage of the lowest prices in 13 years to boost imports from America and revive sales growth at home.
Cheniere Energy Inc.’s cost to build a Louisiana gas export terminal won’t be affected by a U.S. regulator’s failure to approve the project today, the company’s chairman said after earlier warning of “significant price increases.”
Cheniere Energy Inc. won federal approval to build the largest U.S. natural-gas export terminal as drillers who extract the fuel from shale formations struggle to find domestic buyers to absorb a glut.