Executive Briefings

As U.S. Becomes Net Exporter of Natural Gas, 100 Additional LNG Vessels to Be Required

The U.S. is expected to change from a net importer of natural gas to a net exporter, with those exports destined for different regions of the world, especially Asia. It's a development that could see the nation building 100 new ships, a prospect that the Government Accountability Office says could take 30 years.

As U.S. Becomes Net Exporter of Natural Gas, 100 Additional LNG Vessels to Be Required

Five large-scale U.S. liquefaction facilities, necessary for conversion of natural gas to LNG, are under construction with a projected capacity to export more than 12 percent of U.S. natural gas production in 2020. According to representatives from these five facilities, their liquefaction capacity has already been sold mainly through 20-year contracts and their customers are responsible for transporting the LNG to export markets. 

Based on estimates from these liquefaction facilities, transport of the full capacity of these liquefaction facilities will require about 100 or more LNG carriers. 

Currently operating LNG carriers are nearly all foreign built and operated. LNG carriers have not been built in the United States since before 1980, and no LNG carriers are currently registered under the U.S. flag.

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Five large-scale U.S. liquefaction facilities, necessary for conversion of natural gas to LNG, are under construction with a projected capacity to export more than 12 percent of U.S. natural gas production in 2020. According to representatives from these five facilities, their liquefaction capacity has already been sold mainly through 20-year contracts and their customers are responsible for transporting the LNG to export markets. 

Based on estimates from these liquefaction facilities, transport of the full capacity of these liquefaction facilities will require about 100 or more LNG carriers. 

Currently operating LNG carriers are nearly all foreign built and operated. LNG carriers have not been built in the United States since before 1980, and no LNG carriers are currently registered under the U.S. flag.

Read Full Article

As U.S. Becomes Net Exporter of Natural Gas, 100 Additional LNG Vessels to Be Required