BP plc (ADR) (BP), BG Group plc (BG): The Future of the Global LNG Trade

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And over the next few years, the number of LNG importers — currently less than 30 — is expected to grow sharply, as countries such as Bahrain, Croatia, El Salvador, Jamaica, Lithuania, Pakistan, the Philippines, South Africa, and Uruguay join the ranks. Even Indonesia, once the largest LNG exporter in the world, is thinking about importing natural gas to meet growing domestic demand.

Meanwhile, the number of LNG exporters is also projected to rise. Already, there is much enthusiasm about LNG export potential from North America. In the U.S., for instance, the Department of Energy has already approved two LNG projects to export gas to countries that don’t have a free-trade agreement with the U.S. — Cheniere Energy, Inc. (NYSEMKT:LNG)‘s Sabine Pass terminal in Louisiana, which was greenlighted in 2011, and the Freeport LNG project in Texas, a $10 billion facility whose general partner, Freeport LNG-GP, is 50% owned by ConocoPhillips (NYSE:COP), which received permission last month.

Outside North America, some African countries may also have strong LNG export potential. In addition to Angola, longer-term facilities are in the works in east African countries, such as Mozambique and Tanzania. Russia, Australia, and Israel have also been identified as having significant gas export potential.

The article The Future of the Global LNG Trade originally appeared on Fool.com is written by Arjun Sreekumar.

Fool contributor Arjun Sreekumar has no position in any stocks mentioned. The Motley Fool recommends Chevron.

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