The export facilities in the U.S. are presently inadequate to facilitate high volumes of coal export.
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If, for example, they have to build export facilities, the lengths of pipelines in a country the size of western Europe are daunting.
Furthermore, the government needs to connect new oilfields with export facilities.
However, we believe the domestic coal demand is a more exciting opportunity for Union Pacific in the near-term because the export facilities available now are limited and inadequate.
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The government also sought to boost the domestic economy by accelerating infrastructure programs, offering corporate tax breaks for employers to retain workers, and expanding export credit facilities.
Some of these facilities could export substantial volumes of gas.
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Russia has neither the pipeline connections, nor the LNG facilities, to export to other major consumers.
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In addition, LNG facilities will begin to export natural gas, and there is a potential opportunity for natural gas-to-diesel plants.
And if Petrobras ever does utilize the loan facilities provided by the Export Import Bank, it is good for US companies who will get orders for goods and services, and good for Petrobras who will use those goods and services to pump out more oil for Brazil, and the world.
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Under the terms of this side letter, however, the United States agrees not to collect on the Lend-Lease debt until the U.S. government makes available to the Soviet Union export credits, guarantees and insurance through the U.S. Export-Import Bank and other government credit facilities!
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At least Cheniere, like other brownfield sites that want to change direction, is able to use the pipeline infrastructure, loading facilities and other bits of the previous import terminal at Sabine Pass to export gas.
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