Free trade agreement could boost US LNG export

American gas companies can look forward to a significant increase in LNG exports if Japan manages to become part of a major free trade agreement, the so-called Trans-Pacific Partnership, writes Bloomberg.

Photo: Hyundai Merchant Marine

The world's biggest importer of LNG, Japan, is now amping up its efforts to become part of a major free trade agreement. If successful, it would open up for massive export opportunities for a series of US gas companies, says Randy Bhatia, analyst at the investment bank Capital One Southcoast, according to Bloomberg.

And US companies are certainly looking for export opportunities to countries that the United States do not have free trade agreements with. The US Department of Energy is currently reviewing 16 requests for exports to countries not part of the Trans-Pacific Partnership, and the process is complex for the companies, compared to the export process to countries that have free trade agreements with the United States.

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