Executive Briefings

With Heightened Production, New Terminals Coming Online, U.S. to Become One of the Largest LNG Exporters

The United States is on track to saturate the global energy market with liquefied natural gas (LNG) exports by as early as this year, putting itself on course to become one of the world's largest LNG suppliers.

According to U.S. Energy Secretary Ernest Moniz, four LNG export terminals are currently under construction in the lower 48 states, and shipments from these terminals may start late 2015 or early 2016. At present the United States only exports LNG from a single terminal on Kenai Peninsula in Alaska, but it is looking to expand operations amid rising international demand.

Between 2010 and 2040, the market for LNG is predicted to triple, with most new demand coming from existing and emerging markets in Asia Pacific and the Middle East. Approximately 80 percent of new LNG supplies are expected to come from North America, Australia and East Africa. Furthermore, the U.S. Energy Department has stated that in a decade the United States could be on par with top exporters such as Qatar, which processes over 100 billion cubic meters of LNG per year through its terminals.

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According to U.S. Energy Secretary Ernest Moniz, four LNG export terminals are currently under construction in the lower 48 states, and shipments from these terminals may start late 2015 or early 2016. At present the United States only exports LNG from a single terminal on Kenai Peninsula in Alaska, but it is looking to expand operations amid rising international demand.

Between 2010 and 2040, the market for LNG is predicted to triple, with most new demand coming from existing and emerging markets in Asia Pacific and the Middle East. Approximately 80 percent of new LNG supplies are expected to come from North America, Australia and East Africa. Furthermore, the U.S. Energy Department has stated that in a decade the United States could be on par with top exporters such as Qatar, which processes over 100 billion cubic meters of LNG per year through its terminals.

Read Full Article