US to Become Third Largest LNG Exporter in 2019

MarineLink | 1/11/2019 | Staff
darkkazune (Posted by) Level 3
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The coming year is expected to make the U.S. the third largest exporter of liquefied natural gas (LNG) in the world, creating jobs stateside while reducing emissions and providing reliable energy to countries around the world, said American Petroleum Institute (API).

API, Center for LNG, and LNG Allies, the three national trade associations specializing in U.S. LNG, today issued a first-of-its-kind joint statement on the extraordinary developments expected in U.S. LNG in 2019.

Todd - Snitchler - Vice - President - Market

Todd Snitchler, Vice President of Market Development at the American Petroleum Institute, said: “The dramatic expansion of U.S. LNG exports since 2016 continues to deliver tremendous benefits across America and around the world. With LNG export capacity set to nearly double in 2019, the United States is poised to become a leading global supplier."

"U.S. LNG cargoes have already been delivered to nearly 30 countries around the globe, and with global LNG demand rapidly rising, we expect even more countries to reap the benefits—including reduced emissions—from U.S. LNG in the years to come,” Todd added.

Charlie - Riedl - Executive - Director - Center

Charlie Riedl, Executive Director of the Center for LNG, said: “The U.S. LNG industry is primed for remarkable growth in 2019, with multiple U.S. projects coming online to nearly double U.S. exports to the growing global market. Because of our massive natural gas resource base, the United States is in a unique position to provide natural gas to eager partners across the globe."

Charlie added: "As DOE’s recent NERA study demonstrates, even as exports grow, the price of natural gas is projected to be only slightly higher in 2040 than it...
(Excerpt) Read more at: MarineLink
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