Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  




Subscribe to our free daily newsletters



OIL AND GAS
U.S. could be world's No. 3 LNG exporter
by Daniel J. Graeber
Washington (UPI) Aug 9, 2017


The United States could be the third-largest exporter of liquefied natural gas in the world by the end of the decade, a short-term federal report found.

Thanks in large part to shale operations, the United States in 2009 passed Russia to become the largest natural gas producer in the world. Most of the transport, however, is contained within North America.

In 2016, the last full year for which the U.S. government reported data, natural gas made up about 34 percent of total domestic electricity generation, followed by coal with 30 percent. Renewable energy that year accounted for about 15 percent of the total mix, though renewable energy momentum has since accelerated.

There's only one facility in the United States with the necessary permits to export gas in the super-cooled liquid form. The company that runs it, Cheneire Energy, made a European debut in June when it shipped LNG to Polish Oil & Gas, known by its acronym PGNiG.

The U.S. Energy Information Administration said it expects LNG exports to increase as more capacity comes online. Five new projects will be in service within the next three years and expand the U.S. capacity to process LNG from 1.4 billion cubic feet per day as of last year to 9.5 billion cubic feet per day by the end of 2019.

"Based on construction plans, EIA expects that by 2020 the United States will have the third-largest LNG export capacity in the world after Australia and Qatar," the report read.

Export capacity and real export volumes depend, however, on a variety of factors. The EIA report said actual utilization of LNG from the U.S. depends on the rate of LNG demand growth and competition from other suppliers.

European leaders have said LNG sourced from U.S. shale basins could present a source of diversity with the right infrastructure in place. With U.S. President Donald Trump stepping away from the free-trade deals that would facilitate LNG exports, the U.S. prospects face further headwinds.

Without mentioning the United States in particular, Cecilia Malmstrom, the trade commissioner for the European Union, said "the scourge of protectionism" may create issues for multilateral trade. The head of German energy company Wintershall, a partner with Russia, said after Trump signed off on new Kremlin sanctions the United States should avoid playing "geopolitical football" with the European energy sector.

Asian economies, meanwhile, are taking on more LNG as their demands increase. The Korea Gas Corp. commenced a 20-year sales and purchase agreement with Cheniere Energy Inc. in June and in May, the Commerce Department made a decision to allow China, which doesn't have a free-trade agreement with the United States, to receive LNG.

OIL AND GAS
First batch of regional troops arrive in South Sudan
Juba (AFP) Aug 8, 2017
The head of South Sudan's UN mission announced on Tuesday the long-awaited arrival of troops from a regional force meant to patrol roads and quell violence in the war-ravaged country. The UN Security Council decided a year ago to deploy a 4,000-strong regional force, two months after fighting in the capital Juba killed hundreds of people and led to the collapse of a peace agreement between P ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Additive selectively converts CO2 to multicarbon fuels

New light-activated catalyst grabs CO2 to make ingredients for fuel

Biochar could clear the air in more ways than one

Algae cultivation technique could advance biofuels

OIL AND GAS
Solar glasses generate solar power

New method enhances broadband light absorption in solar cells

Lightweight catalyst for artificial photosynthesis

A new picture emerges on the origins of photosynthesis in a sun-loving bacteria

OIL AND GAS
Vertical axis wind turbines can offer cheaper electricity for urban and suburban areas

Annual wind report confirms tech advancements, improved performance, low wind prices

U.S. wind power momentum up 40 percent from last year

Shale-rich Oklahoma to host mega-wind farm

OIL AND GAS
The Roadmap for Increased Safety and Viability of Nuclear Power Plants

Areva signs MOX fuel fabrication contract with Japan

Construction of two nuclear power plants in US halted

Nuclear contaminates earnings of France's EDF

OIL AND GAS
Small odds of reaching 2 C climate goal: researchers

Could spraying particles into marine clouds help cool the planet

Al Gore: I've given up on climate 'catastrophe' Trump

Could a geoengineering cocktail control the climate

OIL AND GAS
Electric car startup Faraday Future signs factory deal

BMW sticks to cautious forecast as profits shift up

China issues bike-sharing guidelines as complaints rise

Germany's car bosses bid to head off diesel ban with software patch

OIL AND GAS
Conviction, sentences upended in Blackwater case

Iraq faces vast challenges securing, rebuilding Mosul

Two killed in IS-claimed attack on Iraq embassy in Kabul

FMS support deal in works for Iraqi vessels

OIL AND GAS
Trump keeps Iran deal, but threatens more sanctions

S. Korea seeks rare talks with North to ease military tensions

US sending mixed messages on Iran nuclear deal: Zarif

US-China citizen gets 10 years for spying in Iran; 2 Iranians charged in US over hacking




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement