27 Oct '11, 8pm

Massive Natural Gas Export Deal Inked by BG Group, So Much for Industry's "Domestic Energy" Claims

Massive Natural Gas Export Deal Inked by BG Group, So Much for Industry's "Domestic Energy" Claims

The natural gas industry's favorite public relations ploy about the necessity of hydraulic fracturing (fracking), the process through which "clean natural gas " is now procured, is that the patriotic gas industry is championing the shale gas boom for domestic consumption and for "national security purposes ." We now know definitively that this is pure propaganda. Enter the smoking gun, a 20-year $8 billion agreement signed between BG Group , short for British Gas Group, and Houston-based Cheniere Energy . The deal calls for BG Gas to export liquefied natural gas, or LNG (natural gas that has been converted temporarily to liquid form for ease of storage or transport), from Cheniere's Sabine Pass LNG export terminal , located on the Gulf Coast in Louisiana, out to the highly profitable global market, chiefly in Asia and Europe. Reuters referred to the deal as "a new chapter ...

Full article: http://www.desmogblog.com/massive-natural-gas-export-deal...

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