Cheniere Approval Bodes Well For US LNG Exports

• FERC's in-concept approval of Cheniere Energy's (NYSEMKT:LNG) Corpus Christi LNG export project “confirms a less risky regulatory outlook for U.S. LNG and will support upside to U.S. export volumes,” Eurasia Group says.
• Move seems to indicate DOE "will continue to approve U.S. LNG projects in a timely fashion as they come up for review after FERC approvals,” firm says.
• U.S. LNG will be the “dominant source” of new supply by the end of this decade, Eurasia says, challenging the outlook for projects in Canada, East Africa, Russia targeting post-2020.
• Financing "could be the most challenging hurdle for the estimated $11B Corpus Christi, especially as a greenfield project that is betting on a larger share of uncommitted volumes.”
• Cheniere's project is the first greenfield LNG export project to receive environmental approval.