1. NATURAL GAS:
U.S. throws open doors to LNG exports with Cheniere approval
Cheniere Energy Inc. has cleared a major regulatory hurdle to building a $5 billion liquefied natural gas (LNG) export facility along the Gulf Coast of Louisiana. The Federal Energy Regulatory Commission yesterday granted approval for Cheniere to build the first LNG export terminal in the lower 48 states, a project met with criticism from environmental groups concerned about pollution tied to the U.S. gas boom. It also faces concern in corners of the industrial sector that shipping gas overseas will increase domestic prices and make U.S. manufacturers less competitive.