In less than one month, the Canadian National Energy Board has received three brand-new requests for liquefied natural gas, or LNG, export terminals. Add these facilities to the two that have already been granted approval, and Canada would have export capacity greater than all the natural gas it produces in one year. Obviously, this means that some of these facilities will never get off the ground, and the same can be said for those in the U.S. as well.
With 14 export licenses waiting approval from the U.S. Department of Energy, these facilities' capacity would far outpace the global demand for LNG, so it is almost certain that not all of them will get built. A few have a much better chance than others, but to be competitive in the LNG space, it could come down to who can get built and contracted the fastest. Tune into the video below where Fool.com contributor Tyler Crowe looks at a few companies jumping ahead of the game.
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The article Will Canada Squeeze the U.S. out of LNG Exports? originally appeared on Fool.com.
Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter, @TylerCroweFool.The Motley Fool recommends Chevron and Dominion Resources. The Motley Fool owns shares of Apache and 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.
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