Infographic: The next wave of North American LNG terminals - S&P Global
Infographic: The next wave of North American LNG terminals | S&P Global Commodity Insights
The next super-cycle of multi-billion-dollar LNG export terminal construction in North America is getting underway.
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In the US, LNG feedgas demand could reach nearly 28 Bcf/d by the early 2030s, up from about 13 Bcf/d in 2023.
Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.