ATLANTA – Liquefied natural gas (LNG) is moving up the list of important U.S. exports.
The Energy Department projects that LNG production capacity will quadruple by the end of 2019, making the nation the largest source of LNG after Qatar and Australia. The International Energy Agency predicts the United States could vault to first within a decade, according to a story in the Houston Chronicle.
Two events, one in Texas and another in Louisiana, have helped bring the United States to a LNG tipping point, according to the Chronicle.
The first one occurred in 2011 when Cheniere Energy signed an $8 billion contract. This event, the Chronicle said, transformed the United States into an exporter of liquefied natural gas after decades of relying on foreign suppliers.
The second was in 2016 when Royal Dutch Shell bought Cheniere customer BG Gas for $50 billion. This move, the Chronicle reported, made Shell the world’s largest international LNG producer and marketer and allied it with the biggest U.S. exporter of LNG.
Read the complete story here.
In other recent LNG news:
The American Journal of Transportation is reporting that U.S. liquefied natural gas exports have increased as new facilities come online.
Dominion Energy‘s Cove Point LNG export terminal in Maryland received its first tanker on Thursday as the company prepares to join Cheniere Energy shipping US supplies overseas. See the story in S&P Global Platts, the leading independent provider of information, benchmark prices and analytics for the energy and commodities markets.