Haynesville Shale Gas Could Fuel Our Allies
The numbers almost boggle the mind. A little 200-employee company called Cheniere Energy is investing 11-billion dollars to convert its 1.6-billion dollar liquified natural gas import terminal in Cameron Parish into an LNG export terminal. Spokesman Jason French says the import terminal became obsolete on the day it opened in 2008 because of the announced discovery of the Haynesville Shale. So company officials made the decision right then and there to turn it into an export terminal -- to export our abundant supply of natural gas to our allies around the world that don't have their own domestic supplies. The conversion is underway right now and is expected to take about five years to complete. When it's finished, the facility will have the capability of exporting about 2-billion cubic feet of natural gas every day.