The projections for US LNG exports just keep getting better and better:
Revolution!"In addition to ongoing expansion of Cheniere's Sabine Pass facility in Louisiana (currently the only LNG export facility in the continental U.S.),
four other LNG export facilities are slated to be in operation by the end of 2019.
Cameron LNG has a Louisiana facility under construction that is slated to open in 2018. Freeport LNG's Texas facility is also slated to open in 2018, while the Cove Point terminal in Maryland is scheduled to open later this year, and Cheniere's Corpus Christi facility will likely open in 2019.
All told, these new facilities will more than quadruple the U.S. current LNG exporting capacity from 13.5 MTPA (metric tons per annum) to
66 million tons per annum by 2019, only bolstering what has already been an impressive foray into the LNG exporting.
Cheniere shipped 381 billion cubic feet (Bcf) of LNG from February 2016 to April of this year, including 197.6 Bcf in first four months of 2017 and
record shipments in May, as the above Bloomberg graphic shows.
U.S. LNG exporters currently have contracts to supply more than
80 million metric tons of LNG a year. So based on the following International Gas Union graphic showing 2016 LNG export data by country, this ideally positions the U.S. to challenge Qatar and Australia in terms of export capacity sooner rather than later."