A Crucial Moment Arrives for U.S. LNG Exports

A Crucial Moment Arrives for U.S. LNG Exports

By Christopher M. Matthews Updated Dec. 3, 2018 2:47 p.m. ET – With global demand for liquefied natural gas accelerating, 2019 is shaping up to be a pivotal year for LNG exporters in the U.S. A number of them will soon decide whether to move ahead with multibillion-dollar projects to ship the bounty of American shale to foreign markets.

There are currently just three operational terminals in the U.S. to export LNG: Dominion Energy Inc.’s D -0.68% Cove Point in Maryland and Cheniere Energy LNG -2.12% Inc.’s two plants in Louisiana and Texas. There are a handful of plants and expansion projects under construction, which were approved by regulators several years ago, but analysts say they aren’t enough to meet rapidly growing demand.There are about 25 proposed U.S. LNG export projects, 13 of which could have regulatory approval within the next year. While not all of the projects will be built, the world needs at least a handful of them to satisfy demand. The U.S. could ultimately account for 20% to 30% of global LNG supply, analysts say.


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