The Federal Energy Regulatory Commission on Monday approved the first large-scale liquefied natural gas export terminal in the lower 48 states despite record falling gas prices. Shipping from the $10 billion Louisiana plant is projected to begin as early as 2015. The Cheniere plant is the third liquefied natural gas plant in the works in Louisiana. Others are planned elsewhere in the country.
The plants aren’t without criticism. Some say plants like Cheniere’s could raise natural gas prices in the country and have adverse environmental effects—due in part to the rise in the use of a controversial natural gas drilling method known as hydraulic fracturing, or fracking. As of March, 24 states in the U.S. have enacted or have pending legislature regulating drilling for natural gas by way of hydraulic fracturing. Continue reading