Skip main navigation

New offer! Get 30% off your first 2 months of Unlimited Monthly. Start your subscription for just £29.99 £19.99. New subscribers only. T&Cs apply

Find out more

US LNG exports

US LNG exports
0
Skeptics are questioning whether the era of new LNG liquefaction capacity in the U.S. is over. Since the start of 2015, over 50 US shale producers have filed for bankruptcy. But shale oil and gas has continued to flow, in part because even when drillers go bankrupt, their existing wells are usually left in production by their creditors. Despite the large supplies of natural gas coming from the US, Australia, Russia, East Africa and the Middle East, many industry analysts and executives expect LNG demand to pick up at some point after 2020 as countries reduce their reliance on coal, in part from international accords on climate change.
46.8
The global LNG market is set to increase by 50% between 2015 and 2020, nearly 20 Bcf/day (billion cubic feet per day). By 2020, the United States is set to become the world’s third-largest LNG producer after Australia and Qatar. Through 2020, the US and Australia are expected to account for 90% or more new LNG exports. The US could be exporting 12 Bcf/day by 2020, more than current global leader Qatar. More than 4.0 Bcf/d of U.S. liquefaction capacity has long-term (20 years) contracts with markets in Asia, of which 3.2 Bcf/d is contracted to Japan, South Korea, and Indonesia.

After years of preparation, Cheniere Energy Partners completed loading its first tanker with liquefied natural gas for export at a Louisiana terminal on February 24, 2016.

This article is from the free online

Global Resource Politics: the Past, Present and Future of Oil, Gas and Shale

Created by
FutureLearn - Learning For Life

Reach your personal and professional goals

Unlock access to hundreds of expert online courses and degrees from top universities and educators to gain accredited qualifications and professional CV-building certificates.

Join over 18 million learners to launch, switch or build upon your career, all at your own pace, across a wide range of topic areas.

Start Learning now