┬áCheniere Energy Inc is moving ahead with a $550 million export terminal in Texas that will ship processed condensate to international markets, a top executive said on Monday. In addition, the terminal will be able to export any type of domestic oil if the decades-old U.S. crude export ban is ever lifted, said Nelson Lee, director of crude trading and origination at Cheniere. “The reason why we’re going ahead with that project is we think that we will have unfettered crude oil exports in U.S at some point, and there aren’t the sort of logistics for the crude to exit the United States,” Lee said at an energy conference in Houston. Lee recently joined Cheniere from BHP Billiton Ltd, where he headed condensate exports. BHP was the first company to export condensate without waiting for approval from U.S. regulators. Speaking at American Business Conferences’ North American Crude Markets […]