Podcast: Play in new window | Download
Subscribe: RSS
The natural gas (from fracking) “boom” that has been touted as the key to America’s energy independence is being sold abroad as fast as deals can be cut. The British gas company Centrica announced this week it has contracted for nearly 90 billion cubic feet of liquefied natural gas (LNG) a year for 20 years from Cheniere Energy’s Sabine Pass, Louisiana, terminal, at which a gas liquefaction plant is now under construction. That’s enough gas to supply 1.8 million UK homes, and according to Centrica’s CEO Sam Laidlaw will help “to secure the UK’s future energy security.” Continue reading