Gas Production Booming News

The U.S. Department of Energy gave two final approvals on Friday to Freeport LNG Development LP to export liquefied natural gas, or LNG, from its project in Texas to any country. The planned project in Quintana Island, Texas, would have the capacity to export up to 1.8 billion cubic feet a day of LNG once constructed. With domestic gas production booming, U.S. companies have lined up to ship the nation's abundant shale gas to energy- hungry consumers in Europe and Asia. The companies need special approval to export LNG to countries with which Washington does not have free trade agreements.

U.S. federal regulators on Wednesday approved construction of Freeport LNG Development LP's liquefied natural gas export project in Texas. Freeport is the third U.S. LNG export project to get the green light to begin construction from the Federal Energy Regulatory Commission. The planned project would have the capacity to export up to 1.8 billion cubic feet a day of LNG once operational. With domestic gas production booming, U.S. companies have lined up to ship the nation's abundant shale gas abroad. FERC approved construction of Sempra Energy's Cameron LNG export terminal in Louisiana last month. Companies need approval from both the Energy Department…