Pascagoula LNG terminal working on export permits

|
News,Business

PASCAGOULA, Miss. (AP) — A Pascagoula shipping terminal opened in 2011 to import liquefied natural gas now is working to become an export terminal.

The nationwide shale boom has greatly reduced imports since the $1.1 billion Gulf LNG terminal opened near the Bayou Casotte Ship Channel.

Gulf LNG got U.S. Department of Energy approval in 2012 to export 11.5 million tons of LNG a year to countries approved under the Free Trade Agreement, including Australia, Canada and some in South and Central America.

Kinder Morgan Inc. spokesman Richard Wheatley tells The Sun Herald (http://bit.ly/1nAZrqT) that the Pascagoula terminal is seventh on the list for a permit to export to other countries.

He says there's no estimate on how long it would take to convert the terminal after getting such approval.

___

Information from: The Sun Herald, http://www.sunherald.com

View article comments Leave a comment