Suddenly, due to improved drilling techniques, the U.S. is overflowing with natural gas, driving down domestic prices. But foreign prices remain high, which means there is an opportunity for us to export natural gas. Unfortunately, the infrastructure does not currently exist. To transport natural gas across the ocean, you have to liquefy it first. We have the facilities to import liquefied natural gas, but not to liquefy it ourselves and export. In order to start exporting, we need to build the appropriate facilities, which requires regulatory approval from the Energy Department. A number of applications have been made to build new facilities.
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