The United States is on course to have the world’s largest exporting capacity of liquified natural gas (LNG) by 2022, surpassing Qatar and Australia, owing to increased domestic production and a soaring demand from international markets, especially China. Global demand for LNG has grown steadily, hitting annual record highs since 2015. European economies and emerging Asian markets depend on LNG for power production and heating requirements. This demand has been met by U.S. companies that have exported LNG since 2016. According to the Energy Information Administration (EIA), LNG exports from the country will reach 11.5 billion cubic feet per day (bcfd) by 2022, which accounts for almost 22 percent of global demand. The U.S. supply is expected to grow with the new LNG liquefaction units at Sabine Pass facility and Calcasieu Pass in Louisiana. Train 6 at Sabine Pass will add up to 0.76 billion bcfd, and first shipments are …
US Will Have World’s Biggest Natural Gas Exporting Capacity by 2022: EIA
December 22, 2021
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