The recent announcement that the Federal Energy Regulatory Commission (FERC) approved the Cameron LNG export project is big news for Sempra Energy (NYSE: SRE ) , but investors shouldn't get too excited just yet. The project is the second such LNG export facility to get approved, and the media suggests that the approval process was recently expedited to ship natural gas to Europe, and specifically Ukraine. The gas may never reach that country, though. In addition, the energy department recently changed the approval process to expedite decision-making procedures on LNG exports.
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