Skip to comments.U.S. on Track to Be World’s No.2 LNG Exporter by End-2022 -IEA
Posted on 07/14/2017 3:59:26 PM PDT by Oatka
By Nina Chestney LONDON, July 13 (Reuters) The United States is on track to have capacity to become the worlds second largest exporter of liquefied natural gas (LNG) by the end of 2022, just behind Australia and ahead of Qatar, the International Energy Agency (IEA) said.
"By the end of our forecast period, the United States will be well on course to challenging Australia and Qatar for global leadership among LNG exporters, the report said."
(Excerpt) Read more at gcaptain.com ...
...and should own the raw materials manufacturing for various plastics based industries.
Thank you Donald Trump, you old “Can’t get anything done” President. I guess this one just slipped through the system despite the White House being in absolute turmoil.
Can we not see the night and day in where we were and where we are going.
It is this strategy that has chemical companies flocking to build plants in the United States.
From 2011 to August 2014, there were close to 200 announcements of new chemical plants or upgrades to existing ones in the United States, with investments totaling $124 billion (MIT Technology Review.)
Leading chemical companies such as ExxonMobil (IW 1000/3), Chevron (IW 1000/10), Saudi Basic Industries (IW 1000/86) and Dow Chemical (IW 1000/76) have plans to invest billions of dollars in future plants. Interestingly, nearly half of all the new investment is coming from foreign companies.
For example, South Africas Sasol (IW 1000/230) is planning to invest $21 billion into nine Louisiana plants that turn gas into plastics and Taiwans Formosa Plastics (IW 1000/606) plans two new factories in Texas to make ethylene and propylene (Bloomberg BusinessWeek.)
The WIN is strong under President Trump's leadership.
They should do it sooner. Trump may not be around by then.
Actually we do. They were originally built to import crude oil. No longer needed, they can be used "in reverse". Obviously it would be good to have more.
We could also use more pipelines in the right places.
Ain’t that the truth. A local utility in Washington state is building a terminal in Tacoma and the resistance has been relentless. I’m amazed that they ever got the permits.
There are a couple in LA..One is loading but they really need more gas pipe lines..
One in Boston but on hold for some reason
Freeport LNG Terminal.
Kenai LNG, Nikiski, Alaska.
Cheniere’s Sabine Pass terminal.
Dominion Cove Point LNG, Maryland terminal (under construction)
Cheniere’s Corpus Christi terminal (under construction)
Cameron LNG, Hackberry, Louisiana (under construction)
June 2017 Update
- The terminal is 89% complete and on track for an in-service date in late 2017.
- There are currently more than 3,200 construction workers on site.
- All of the major equipment has been set in place and now the focus is on completing the installation of piping, cable trays, cables and cable terminations.
- Three of the five tower cranes used to transfer equipment onsite have been taken down and transported offsite.
- All barge loads have been received and all heavy haul deliveries have been transported.
What is wrong with those leftists wackos? NOTHING makes them happy. Gas is CLEAN with miniscule emissions.
The Pacific Northwest ALSO needs more coal export terminals. A lot of Wyoming coal has to be shipped to Baltimore and Norfolk for export! Crazy!
I know about America
How can australia be #1
When I see that “Open Cut Mine” I see Bridges, highways, asphalt, windmills, Computers, i-phones, Air conditioning and so much more.
Everything, and I mean EVERYTHING comes from our Earth.
Maybe they could lower the price and increase domestic demand and not ship it overseas.
ooops. No clue what LNG is, was reading it as LGBT.
Does that make me a racist or a homophobe.??
Cleveland Ohio has a history with LNG, specifically the great disaster of 1944. You can read a contemporaneous report here... http://www.fireengineering.com/content/dam/fe/online-articles/documents/2016/FE194411EastOhioArt1.pdf
This all happened 73 years ago and obviously the technology involved in handling LNG is vastly different today, but, any LNG facility had better be guarded with security on the level of Fort Knox or a nuclear weapons site as a successful terrorist attack on a modern LNG storage site would have a yield comparable with early atomic weapons. It has been estimated that the 1944 blast was in the neighborhood of 1/6 the yield of the Hiroshima weapon.
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