First LNG Cargo Leaves $15 Billion Site as U.S. Exports Grow - Bloomberg

First LNG Cargo Leaves $15 Billion Site as U.S. Exports Grow - Bloomberg:

The first cargo of liquefied natural gas has set sail from a $15 billion Texas export terminal, amplifying America’s growing influence on the global market for the fuel. 

LNG Jurojin departed Freeport LNG Development LP’s facility on Tuesday, according to a statement from the company, making the terminal the fifth to ship super-chilled gas from U.S. shale fields. Royal Dutch Shell Plc will take the first two deliveries from Freeport, according to a person familiar with the matter. The cargo is headed for the Jebel Ali terminal in Dubai, the United Arab Emirates, ship-tracking data on Bloomberg show.

Since the first U.S. LNG export terminal began operating in Louisiana in 2016, the nation has become the world’s third-largest supplier of the fuel, sending gas to buyers as distant as Japan. The startup of Freeport has provided a key outlet for Texas production, helping to boost gas prices from 1990s-era seasonal lows.