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.
The Latest
Qatar announces new gas output boost with mega field expansion - Al Jazeera English
News Al Jazeera English ·Qatar Teases Significant Oil and Gas Industry Announcement on Sunday | OilPrice.com - OilPrice.com
News OilPrice.com ·Sada: Lesko's natural gas efforts deserve recognition | Sun City West Independent - Daily Independent
News Daily Independent ·How Biden's LNG Export Pause Could Backfire - OilPrice.com
News OilPrice.com ·Opinion: Joe Biden’s natural gas pause is a net positive for Canada’s economy - Calgary Herald
News Calgary Herald ·QatarEnergy reveals name of first LNG carrier in its massive fleet expansion program - Offshore Energy
News Offshore Energy ·LNG exports, pauses, climate impacts: Are we having the wrong debate? - S&P Global
News S&P Global ·Looking at the Pros and Cons of Biden's Decision To Halt LNG Exports - Yahoo Finance
News Yahoo Finance ·Cheniere Energy forecasts downbeat 2024 profit as natgas prices plunge
News Natural Gas World - Latest News ·Cheniere Energy Revenues Slump 39% as Natural Gas Prices Drop - OilPrice.com
News OilPrice.com ·Looking at the Pros and Cons of Biden's Decision To Halt LNG Exports - OilPrice.com
News OilPrice.com ·Antero Poised to Benefit from Second Wave of LNG - Yahoo Finance
News Yahoo Finance ·Rio Tinto inks renewable power purchase deal for Gladstone operations - MINING.COM - MINING.com
News MINING.com ·Rio Tinto inks renewable power purchase deal for Gladstone operations - Yahoo Finance
News Yahoo Finance ·Equinor inks 15-year LNG supply deal with India’s Deepak
News Clean Fuel - Offshore Energy ·Polish Gaz System gets environmental approval for LNG import terminal
News Natural Gas World - Latest News ·Tellurian receives construction deadline extension for Driftwood LNG - Offshore Energy
News Offshore Energy ·FAQs
Liquefied Natural Gas is natural gas chilled to about -260 degrees Fahrenheit, until it becomes liquefied. When in a liquid state, natural gas takes up only 1/600th of the volume of natural gas, making it easier to move by ship, rail car or truck. LNG is typically shipped on special super-cooled tankers from export terminals to import terminals where it is reheated and returned to a gaseous state.
The greatest demand for LNG has been in East Asia and the Pacific. In 2021 South Korea and China were the largest importers of U.S. LNG, together importing about 25 percent of all U.S. LNG. Japan, Brazil, and Spain round out the top five countries importing LNG from the United States. But the Russian invasion of Ukraine in 2022 ultimately halted shipments of Russian natural gas to Europe, creating an urgent need in those countries for other sources of natural gas.
There are currently 20 LNG facilities operating in the United States, and another five are likely to begin operation by 2025.
Qatar is currently the largest exporter of LNG, followed by Australia. The United States has risen to the third largest exporter. Malaysia, Russia and Indonesia also export LNG. The International Energy Association forecasts that the U.S. will be the top exporter of LNG in the world by 2023.