U.S. on Track to Be World’s No.2 LNG Exporter by End-2022 -IEA

Reuters via gCaptain ^ | July 13, 2017 | Nina Chestney

[Oatka]

By Nina Chestney LONDON, July 13 (Reuters) – The United States is on track to have capacity to become the world’s 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.

[snip]

"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."

[Oatka]

Something for the anti-frackers.

[spokeshave]

...and should own the raw materials manufacturing for various plastics based industries.

[InterceptPoint]

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.

[ronnie raygun]

Can we not see the night and day in where we were and where we are going.

[spokeshave]

According to industry experts, approximately 60-70% of the costs of chemical production is in the feedstock or raw materials. Companies seeking a long-term competitive advantage can lower these costs by reducing the distance between the source and their manufacturing facility.

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 Africa’s Sasol (IW 1000/230) is planning to invest $21 billion into nine Louisiana plants that turn gas into plastics and Taiwan’s 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.

[Governor Dinwiddie]

We would have already been number one were it not for Obama, nimbys, and granola crunchers. We have the gas, but we don't have the maritime terminals—yet.

[DIRTYSECRET]

They should do it sooner. Trump may not be around by then.

[Wonder Warthog]

"We have the gas, but we don't have the maritime terminals—yet."

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.

[rockrr]

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.

[Hojczyk]

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

[Thibodeaux]

Australia?

[Hojczyk]

United States

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)

[Governor Dinwiddie]

Dominion Energy has an export facility almost completed on the Chesapeake Bay at Cove Point. From their website:

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.

[Governor Dinwiddie]

#9: "building a terminal in Tacoma and the resistance has been relentless"

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!

[Thibodeaux]

I know about America

How can australia be #1

[spokeshave]

Big open cut mines:

[Zeneta]

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.

[central_va]

Maybe they could lower the price and increase domestic demand and not ship it overseas.

[Veto!]

U.S. on Track to Be World’s No.2 LNG Exporter

ooops. No clue what LNG is, was reading it as LGBT.

Does that make me a racist or a homophobe.??

[ADemocratNoMore]

Please understand that I am not a greenie or warmist and I think that this is great news for the economy of the United States. I would have no problem living next to a LNG facility, but...

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.