Green light for Mexican gas export plan

Houston liquefied natural gas company Mexico Pacific Limited has cleared a regulatory hurdle after getting permission from the U.S. government to export LNG from its planned facility south of the border to non-free trade agreement nations around the world.

The U.S. Department of Energy approved Mexico Pacific Limited's request on Wednesday, the company reported.

Permission to export to non-free trade agreement nations such as China, Japan and South Korea is desirable status to LNG exporters because due to higher natural gas prices in East Asia, the Houston Chronicle reports.