U.S. Gas Exports Set to Shake Up World Markets
May 11 2015
The United States is poised to shake up world energy markets with expanded liquefied natural gas (LNG) deliveries later this year as four new LNG export terminals come on line. The four terminals would be able to export a combined 70 billion cubic meters (BCM) of LNG annually.
According to the April 26 UK Telegraph, U.S. Energy Secretary Ernest Moniz commented on the new LNG export capacity saying, “We anticipate becoming big players, and I think we’ll have a big impact. We’re going to influence the whole global LNG market.”
“Certainly in this decade, there’s a good chance that we will be LNG exporters on the scale of Qatar, which is today’s largest LNG exporter,” Moniz said at the IHS CERAWeek energy summit in Texas.
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