Natural Gas Deal Brings Brits Benefits of US Shale Boom

From The Daily Caller

By Michael Bastasch

A recently struck natural gas export deal means United Kingdom residents will soon have their homes heated by U.S. natural gas — a welcome development in a country that has seen its gas reserves nearly depleted due to unusually cold weather.

The Guardian reports that nearly 2 million UK homes will get U.S. shale gas thanks to a deal struck by the energy companies Centrica and Cheniere Energy Partners, L.P. to export liquefied natural gas from a plant in Louisiana.

Cheniere is one of the first U.S. firms to get permission to export liquefied natural gas and the first deliveries are expected in 2018. The deal represents a huge shift in UK energy use as gas fields in the North Sea run out and pipelines to mainland Europe remain costly.

“I warmly welcome this commercial agreement between Centrica and Cheniere,” said UK Prime Minister David Cameron. “Future gas supplies from the U.S. will help diversify our energy mix and provide British consumers with a new long-term, secure and affordable source of fuel.”

Click here to read more

Add Comment

By posting your comment, you agree to abide by our Posting rules


© 2013 Energy Tribune

Scroll to top