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-- the Obama administration has given the green light for a third project export not to -- to countries that don't have a free trade agreement with us.
-- -- -- countries like Japan and the latest approval is for terminal in Lake Charles, Louisiana.
It's backed by -- partnership between it BG group an Energy Transfer Equity joining us now and -- transfer.
Global CF Jamie last Jamie thanks for being with us you guys must be pretty -- We -- Tracy thank you very much.
You know it's been a long process it's a major hurdle out of the way it allows us to obviously now focused on -- approval and getting.
Everything else button down from the commercial standpoint that -- hopefully get this project financed.
And have a financial investment decision and -- construction in the first 125 thing.
Right -- construction by mid 2015 yet you hope to have this working by mid 2000 in nineteen.
A lot of jobs for a lot of people for a bunch years isn't it.
At its peak is about 5000.
Job -- basically jobs on the actual site itself.
Each trying and we can have three particular trains here is about four and a half million men analyst Pitt trying so.
It -- -- -- and obviously it's going to be good for the economy gas and Jamie why do you think it takes so long to get through the so called red tape down in Washington -- me.
You look like -- -- a really long time ago the regulations it takes for ever you got it.
Make sure you're in the right Q as far as your application coming up down there I -- why -- when.
You're creating jobs.
Well that's -- I do think look there is there's a lot of discussion around the impact of exporting natural gas in the fact that we are going through.
Pretty much an energy revolution in this country with this shell gas phenomenon that's -- -- And tight yet thoughtful deliberate review of each of these applications to see -- in fact balance although relative pros and cons because there are a lot of constituents involved.
I think is not a bad plan invests the administration you know there was a two year hiatus between WinFS to prove this of being passed.
Approval back -- India.
And to Freeport which was about ninety days ago to ourselves.
So continuing on that plan of the and evaluating on a thoughtful basis we think is there are certainly makes sense the administration.
Our free trade agreements are with countries like Australia Canada Israel -- the -- rotten year looking to get into others Japan really big.
-- -- User of natural gas where else are you hoping -- -- Well we got to have a cell source relationship -- BG and BG is as many people might know the largest LNG fire in the world.
They have particular emphasis in the Asian markets in particular outside of Japan which -- just mention you've got Korea you've got Singapore.
-- -- you've got you've got even countries like at some point Indonesia which had been in fact an export out of LNG.
The longest period of time that actually is now on past that lasted just because of its reserves will be a net importer of natural gas going forward.
-- -- -- -- -- on top of that so I think most of what you're looking at of those countries that just lacked the indigenous reserves.
And many of those -- in the -- nice.
As a CFO you miss read into -- stock it is on -- fire lately.
I got to believe going forward all this will continue to help the stock and the price as a company have enough cash to keep going and building my friends like this.
This project we -- -- we -- -- basically be very prudent of -- how we finances we get a finance and our project financing basis.
We given that luxury because we're gonna have a long term commercial agreement -- -- And that will allow us to basically put financing at the asset level.
And we there is enough equity out there from a lot of infrastructure funds pension funds and are looking for a really long ten it.
Assets to actually -- So therefore we expect to source the equity for -- this particular project from those sources.
Which will relieve any strain that we put on -- balance sheet.
-- -- asked doc is being on a tea it's being gripe I actually think -- the best is yet to come.
But it's we've got a lot of exciting things going forward.
That that's great stuff and you're right there are a lot of people looking to invest in -- -- and -- -- let's take advantage of -- as a win win for everyone.
-- lots of Energy Transfer Partners congratulations sir.
Thank you very much -- thanks for having.
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