Sales of LNG will help balance U.S. Trade Imbalance

[dan_s]

Interior Department Announces $200 Billion LNG Supply Agreements With Japan

U.S. companies have finalized sales agreements with Japanese power generation giant JERA Co. Inc. for it to purchase up to 5.5 million tons per year of American liquefied natural gas (LNG), the Department of the Interior (DOI) said in a June 11 statement.

The four 20-year agreements, which are projected to “support more than 50,000 U.S. jobs and add more than $200 billion to U.S. GDP according to S&P Global analysis, underscore President Trump’s efforts to unleash American LNG production and the significant role the U.S. LNG industry plays in strengthening the U.S. economy and bolstering global energy security,” the DOI said.

JERA’s deal with NextDecade Corporation, Commonwealth LNG, Sempra Infrastructure, and Cheniere Marketing LLC involves procuring LNG from the U.S. Gulf Coast.

The finalization of the deal was announced by JERA, the U.S. companies, Secretary of the Interior Doug Burgum, and Energy Secretary Chris Wright.

Read more: https://www.zerohedge.com/energy/interior-department-announces-200-billion-lng-supply-agreements-japan