The liquefied natural gas industry wants to become an outlet for the record amount of methane being produced in the Permian Basin, where much of it is being burned off due a lack of pipelines to move it out of the West Texas shale play. Methane is the main component of natural gas. During a discussion of Permian Basin pipelines at CERAWeek by IHS Markit, Matt Schatzman, CEO of the Houston LNG terminal developer NextDecade, said flaring is not a long-term option for handling the natural gas produced as a byproduct oilLNG export terminals proposed along the Gulf Coast, he said, could become an outlet for much of the ... (full story)