(Reuters) – The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved construction of two proposed liquefied natural gas (LNG) export terminals, Tellurian Inc’s Driftwood in Louisiana and Sempra Energy’s Port Arthur in Texas.
FILE PHOTO: Neil Chatterjee, chairman of the Federal Energy Regulatory Commission, answers questions during a Reuters interview in Washington, U.S., November 15, 2017. REUTERS/Jim Bourg
Demand for LNG around the world has exploded, rising by 9.8%to a record high for a fifth consecutive year in 2018, as countries, like China and India, seek cleaner alternatives to burning coal to meet their growing energy needs, according to data from the International Gas Union (IGU).
Driftwood and Port Arthur are just two of dozens of LNG export terminals under development in the United States,