Author Topic: LNG export capacity keeps expanding  (Read 608 times)

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Offline thackney

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LNG export capacity keeps expanding
« on: June 17, 2019, 04:13:38 pm »
LNG export capacity keeps expanding
http://www.alaskajournal.com/2019-06-05/lng-export-capacity-keeps-expanding

...The country’s fourth LNG export terminal loaded its first cargo while work is underway on four more export projects, with two scheduled to come online this year and the other two planning start-up in three to five years.

The eight plants will have a total nameplate capacity of more than 86 million tonnes of LNG per year, making the United States the world’s largest LNG producer until Qatar completes its expansion and retakes the title around 2024.

U.S. gas going through the liquefaction plants this month is cheap, at least compared to the past 20 years. The June 1 benchmark price was less than $2.45 per thousand cubic feet. It hasn’t averaged that low for an entire year since 1999.

But not everyone wants to be in the U.S. LNG business.

Toshiba, which in 2013 signed a 20-year contract to take 2.2 million tonnes of LNG per year from the Freeport project in Texas, is bailing out even before its contract kicks in next year....
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