Canada May Beat U.S. to LNG Export Punch

Bloomberg reported that Canada is edging ahead of the U.S. as they compete to be the first exporters of LNG to Asia.

As quoted in the market report:

An LNG terminal being built at a cove north of Vancouver financed by a Houston private-equity firm is scheduled to begin shipping the fuel across the Pacific Ocean in mid-2015, eight months before the first continental U.S. plant is slated to start. Canada’s government has approved twice as much LNG export capacity as its southerly neighbor, evincing a friendlier attitude toward selling domestic gas to the highest bidder and positioning the nation as the go-to source of gas in North America for overseas buyers.

To view the whole Bloomberg report, click here.