U.S. OKs Sabine Pass Natural Gas Export Plant

The Sabine Pass LNG terminal is spread over an 853 acre site in Cameron Parish, Louisiana, US.

by Steve Hargreaves - CNN - April 17, 2012

NEW YORK (CNNMoney) -- The government approved the first ever natural gas export facility in the lower 48 states on Monday, clearing the way for a project that could be a significant job creator.

But critics argue that, just like the Keystone pipeline expansion, building this project will have environmental impacts far beyond the plant itself. They also say it could raise the price of natural gas in the U.S.

The Federal Energy Regulatory Commission voted in favor of Texas-based Cheniere Energy's plan to build a giant natural gas liquefaction and export terminal at Sabine Pass, which straddles the Texas-Louisiana border just north of the Gulf of Mexico.

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