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

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

April 30, 2015
Maritime Executive

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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    KEYWORDS Chemicals & Energy energy supply chain Global Logistics Global Trade Management Logistics Maritime Executive natural gas industry ocean shipping Ocean Transportation Pharmaceutical/Biotech supply chain management: chemicals and energy Transportation & Distribution Transportation Management U.S. export volume
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