This article will probably only have an impact on RFE in the longer term but it is definitely something to keep an eye on.
JAPAN TO BOOST LNG IMPORTS FROM US
http://www.bloomberg.com/news/2011-09-14/japan-to-boost-lng-imports-from-u-s-as-nuclear-power-declines.html
Extract from article:
" ?I believe we gained the U.S.?s understanding to some extent,? said Yoshikawa. ?We can?t buy LNG from the U.S. unless the Department of Energy approves LNG plant owners to export. There is one plant that recently won the approval and there are two others in progress.? "
If efforts are made to boost the amount of LNG exports from the US, it will have a positive effect on the gas price which will allow RFE to finally realise the potential of its Shale Gas assets in Oklahoma.
This article will probably only have an impact on RFE in the...
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