Reuters U.S. exporters of liquefied natural gas (LNG) head into 2020 after a record year that saw exports soar by more than 60%, but growing concerns about weakened demand and heavy competition could act as headwinds in the coming year. Four new liquefaction trains – the common term for a shipping facility – entered service this year in the United
From CNN Business/NBC2 America’s liquefied natural gas boom has a climate change problem, according to a report released on Monday. The US energy industry is scrambling to build dozens of expensive export terminals that can be used to ship cheap natural gas to China and other fast-growing economies that want to move away from coal. While those investments make sense today, they will
From Forbes Next year really is: “the beginning of the boom.” The U.S. is poised to triple export capacity to around 10 Bcf/d by the end of next year, and we could be on our way to be the world’s largest exporter before 2025. And in a “second wave” of activity, federal regulators will decide the fate of an additional 13 pending
From E&E News The United States is rapidly increasing its exports of liquefied natural gas. But it isn’t the only nation doing so or that has plans to do so. The addition of the Cove Point LNG plant in Maryland brings the number of major LNG export centers in the U.S. outside Alaska to two. Sabine Pass in Louisiana became
U.S. opportunity may be closed for decades On June 26, the U.S. House of Representatives’ Energy & Commerce Committee held a hearing entitled “The Shifting Geopolitics of Oil & Gas.” The four energy sector experts who testified at the hearing included Sempra Energy (ticker: SRE) Chief Strategy Officer Dennis Arriola; Continental Resources (ticker: CLR) Chairman and CEO Harold Hamm; Dr.
By AFP/Daily Mail The United States produces natural gas in abundance and is poised to become the world’s third-largest exporter by 2020, a production ramp-up supported by President Donald Trump. Thanks to advances in shale gas production, notably in the northeast, America has been the world’s largest natural gas producer since 2009 and extracted two billion cubic meters per day in
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