(MENAFN) The first export of liquefied natural gas (LNG) from the US outside of Alaska has finally seen the light of the day as an LNG shipment by Texas-based Cheniere Energy at the Sabine Pass terminal in Louisiana left heading for Brazil.
Up until recently, Cheniere was depending on the opposite strategy of gas imports, but the surge of gas from shale fields, enabled by developments in hydraulic fracturing or fracking technology dramatically turned the tables.
Additionally, US natural gas yield soared about 43 percent over 2010-2014 due to the hike in shale output; hence production hit an all-time peak of 728.55 billion cubic metres in 2014 and will surpass that record in 2015.
Moreover, a group of other local LNG export operations are being planned, such as the Texas-based Freeport LNG and Lake Charles LNG in southwest Louisiana, which is a collaborative scheme between Energy Transfer and BG Group.
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