Net exports of U.S. natural gas doubled for the second year in a row, according to data released this week by the U.S. Energy Information Administration. Between January and June, net exports of natural gas averaged about 4.1 billion cubic feet per day, up from about 2 billion cubic feet per day during the first half of 2018. The U.S. began exporting more natural gas than it imported in 2017. Total exports of liquified natural gas were up 37% between the first six months of this year compared to 2018. While natural gas is still exported by pipeline to Mexico and Canada, much of the uptick in exports is tied to terminals where tankers are filled with supercooled natural gas known as LNG and shipped around the world. Louisiana already produces the majority of U.S. LNG exported around the world and that dominance is expected to grow exponentially if all the planned projects come online.Cheniere Energy’s Sabine Pass export terminal had been the sole exporter of LNG until early 2018 when Cove Point in Maryland came online. The Sabine Pass facility is still the largest single exporter with about 3 billion cubic feet per day exported as of June. That same month, Cheniere made… Read full this story
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