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US to export gas as glut slashes prices

18 April 2012

BETTER out than in. For the first time in 50 years, the US will build a plant to export natural gas. Gas producers hope this will help them offload an unprecedented gas glut, which has slashed prices to economically unsustainable levels.

Texas-based will at its Sabine Pass site in Louisiana. This will convert natural gas into liquid that can be shipped abroad, and could be ready by 2015 after . The US, historically an importer of gas, could , says the

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