The United States is expected to become the world’s third largest exporter of liquefied natural gas (LNG) this year, creating jobs at home while reducing emissions and providing reliable energy for the rest of the world, according to the American Petroleum Institute (API), Houston, Jan. 13.
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API, the U.S. LNG Center and the LNG Alliance, the three national trade associations specializing in American LNG, recently issued an unprecedented joint statement on the extraordinary development of American LNG in 2019.
Todd Snickler, API’s vice president for market development, said: “Since 2016, the substantial growth of LNG exports in the United States has continued to bring tremendous benefits to the United States and the rest of the world. With LNG’s export capacity nearly doubling in 2019, the United States is expected to become the world’s leading gas supplier this year.
“American LNG cargo has been shipped to nearly 30 countries around the world. With the rapid growth of global LNG demand, we expect more countries to benefit from American LNG in the coming years, including from emission reduction,” Todd said.
Charlie Reid, managing director of the U.S. Liquefied Natural Gas Center, said: “The U.S. LNG industry will witness significant growth in 2019. The launch of several U.S. projects will nearly double U.S. exports to the growing global market. Because the United States has a huge natural gas resource base, the United States has a unique position in providing natural gas to partners in urgent global demand.
Charlie added: “As the latest NERA study from the U.S. Department of Energy shows, even with export growth, natural gas prices in 2040 are expected to be only slightly higher than in 2010. Most importantly, the positive economic benefits of exports will outweigh moderate price increases.
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