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.
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