The US becomes a major exporter, delivering LNG to 35 counties, reports Platts.
Since the Asia Vision tanker left Cheniere Energy’s flagship Sabine Pass liquefaction terminal with its first cargo, bound for Brazil, there are now six export facilities along the US Gulf and Atlantic coasts operating a combined 12 Bcf/d of capacity.
LNG exporter
Once planning to be a growing importer of natural gas before the shale revolution, the US has instead become a major exporter, delivering LNG to 35 counties.
LNG a global commodity
From Europe to Asia, the Middle East and Latin America, US supplies have added liquidity to the market, making LNG more of a global commodity and creating volatility in benchmark prices that is incentivizing construction of new terminals even as commercial challenges remain amid a large field of established developers and new players that want in.
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Source: Platts
