Will the US Become the World’s Largest Exporter of LNG?

Mb50's "Liquid Mud" Rant

 

By John R. Siegel

(Barrons) By 2017 the U.S. could be the largest exporter of liquefied natural gas in the world, surpassing leading LNG exporters Qatar and Australia. There is one big “if,” however. America can produce more gas, export a surplus, improve the trade deficit, create jobs, generate taxable profits and reduce its dependence on foreign energy if the marketplace is allowed to work and politics doesn’t get in the way.

In May 2011 Cheniere Energy received an Energy Department license to export LNG from its Sabine Pass LNG import terminal in Louisiana. Cheniere subsequently reached long-term deals with the U.K.’s BG Group, Spain’s Gas Natural and India’s GAIL. Cheniere is targeting operation in 2016 and plans to export up to 730 billion cubic feet of LNG annually, roughly 3% of current U.S. gas production.

Sabine Pass originally was built as an import facility to alleviate projected…

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Why America’s Missing Out on the Billion-Dollar Global LNG Game

Mb50's "Liquid Mud" Rant

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By Keith Schaefer
Sun, 08 April 2012 14:59

The fast-growing Liquid Natural Gas (LNG) market is creating serious wealth around the world.

So who is profiting the most right now – and who will profit most in the coming years?

In short, it’s Australia.

The country is already the #4 exporter of LNG in the world.  Seven new plants are in various stages of planning and development – That translates to roughly $200 billion in capital investment… and an enormous number of jobs.

Now let’s look at the U.S. in the context of LNG.

America as you probably know produces massive amounts of natural gas. Yet is exports a surprisingly small amount of the resource abroad.

Both countries are close to markets – Australia is closer to Asia, which imports vast quantities of LNG, but the U.S. is also relatively close to these markets and closer to Europe, which…

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