Optimism Reigns For U.S. LNG As Global Supply Fear Wanes

📆 3/13/2019 6:30 PM
📰 Forbes

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Despite hurdles to liquefied natural gas expansion—infrastructure constraints, public outcry over fossil fuel use and the U.S-China trade war—industry optimism is high

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More than half of those export projects are U.S. LNG facilities, according to Bloomberg New Energy Finance. There arepending, 15 are for U.S. facilities awaiting final investment decisions or approval from the Federal Energy Regulatory Commission. The Cheniere Energy Inc. liquefied natural gas export terminal stands under construction in Corpus Christi, Texas, U.S., on Wednesday, Oct. 3, 2018. On Wednesday, Cheniere Energy said it started producing liquefied natural gas for the first time at the Corpus Christi plant.

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Cheniere says LNG exports to China could double its size, but trade war needs to endCheniere CEO Jack Fusco said the company could ultimately double its size from Chinese demand alone, but for now he hopes the trade rhetoric between the U.S. and China comes to an end.
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