North American LNG Boom Poised to Benefit Clean Energy Fuels Corp and Cheniere Energy
December 08, 2011 08:16 ET
North American LNG Boom Poised to Benefit Clean Energy Fuels Corp and Cheniere Energy
The Bedford Report Provides Stock Research on Clean Energy Fuels & Cheniere Energy
NEW YORK, NY--(Marketwire - Dec 8, 2011) - In the coming years, the United States is poised to become a key player in the natural gas export market. With U.S. gas prices on the downswing due to a domestic supply glut, several companies are investigating the potential of export terminals on the U.S. coast in order to take advantage of higher prices abroad. The Bedford Report examines investing opportunities in natural gas and provides stock research on Clean Energy Fuels Corporation (
[ www.bedfordreport.com/CLNE ]
As reported on MarketWatch several companies have plans to build liquefied natural gas, or LNG, export terminals while others are well into the evaluation process, raising the prospects of a billion-dollar construction boom for these highly specialized facilities. LNG terminals super-chill gas to its liquid form and load it into specially designed tankers for shipment overseas.
Other than a single, 40-year-old LNG facility in Alaska, the U.S. presently has none of the liquefaction equipment required to prepare natural gas for export.
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Cheniere Energy, Inc., through its subsidiaries, engages in the ownership and operation of liquefied natural gas (LNG) receiving terminals and natural gas pipelines in the Gulf Coast of the United States. The company has plans to build LNG export terminals alongside their existing import terminals. The first phase of Cheniere's planned Louisiana plant will cost $4.5 billion to $5 billion for 9 million tons of annual processing capacity, the Houston-based company said in a statement.
Clean Energy Fuels Corp., together with its subsidiaries, provides natural gas as an alternative fuel for vehicle fleets in the United States and Canada. It designs, builds, finances, and operates fueling stations; and supplies compressed and liquefied natural gas. Last month the company said revenue for the third quarter ended September 30, 2011 rose 58% to $72.1 million, from $45.7 million in third quarter of 2010.
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