Cameron Parish News
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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.
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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.
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GAIL (India) Ltd. agreed to buy 3.5 million metric tons of liquefied natural gas a year from Cheniere Energy Partners LP for two decades.
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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.
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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.
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Cheniere Energy Inc. , a liquefied natural-gas importer that has lost money for 13 consecutive years , may have to sell assets and restructure debt to avoid running out of cash as soon as next year.
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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.”
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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.
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Cheniere Energy Inc. , the Houston- based liquefied natural gas terminal owner, said it plans to sell shale gas in the Caribbean to cut the region’s dependence on power generated from burning oil.
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Cheniere Energy Inc. said it may build the first plant in the lower 48 U.S. states to export liquefied natural gas, starting as early as 2015.
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