Does More LNG From the U.S. Mean Gas Price Troubles Ahead?
With the approval of Dominion Resources (NYSE: D) new LNG facility in Maryland, the Department of Energy has made it clear that LNG exports is going to be a greater part of the natural gas realm. While Dominion is probably not surprised that it received approval for this facility since it had been purchasing equipment for it months ahead of the decision, the speed of this decision may surprise some who have followed the LNG story.
So will this new facility have an impact on natural gas prices? It really depends on who you ask. Tune into the video below to find out how America's fourth LNG facility will affect natural gas supplies and how much of an impact this new facility will have an impact on Dominion's bottom line.
The success of LNG in the US will depend greatly on the price of natural gas, which also is affected by the price of oil in many ways. To help you better understand how the price of oil will impact investments in the energy space, our top analysts prepared a special report that details the effects of oil prices and highlights a few companies that are poised to outperform in our current price environment. By simply clicking here, we'll give you free access to this valuable report.
The article Does More LNG From the U.S. Mean Gas Price Troubles Ahead? originally appeared on Fool.com.Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow them both on Twitter@TMFDuffy and @TylerCroweFool, respectively. The Motley Fool recommends Dominion Resources. The Motley Fool owns shares of General Electric Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.