Cheniere Plans to Export U.S. Gas for Caribbean Power
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Cheniere Energy Inc., the Houston-based liquefied natural gas terminal owner, said it plans to sell shale gas in the Caribbean to cut the region’s dependence on power generated from burning oil.
Jamaica, Puerto Rico and the Dominican Republic are among those that could save money by burning gas to generate electricity instead of crude oil-based products such as fuel oil, Charif Souki, the company’s chief executive officer, said in an interview in Barcelona last week.