Why LNG Exports Are Expanding Rapidly

Why LNG Exports Are Expanding Rapidly

The natural gas boom associated with expanding tight oil (oil from shale) production has left the US with more natural gas than it can use. This has suppressed prices and made US natural gas highly competitive on the global market. While pipeline exports to Canada and Mexico have increased rapidly, they are still quite small, leaving US suppliers wishing for additional accessible markets. The solution? Liquefied natural gas (LNG) exports.


US Natural Gas Suppliers Enter the LNG Export Industry

US Natural Gas Suppliers Enter the LNG Export Industry

US natural gas producers are expected to benefit significantly from the emerging liquefied natural gas (LNG) trade. Prior to 2016, only one LNG export facility operated in the US, located in Kenai, Alaska. However, by 2021 six LNG export facilities are projected to be operating in the lower 48 states...