The American Petroleum Institute, Centre for LNG, and LNG Allies, have issued a first-of-its-kind joint statement on the extraordinary developments expected in US LNG in 2019.
The coming year is expected to make the US the third largest exporter of LNG in the world, creating jobs stateside while reducing emissions and providing reliable energy to countries around the world.
Todd Snitchler, Vice President of Market Development at the American Petroleum Institute:
“The dramatic expansion of US LNG exports since 2016 continues to deliver tremendous benefits across America and around the world. With LNG export capacity set to nearly double in 2019, the United States is poised to become a leading global supplier. US LNG cargoes have already been delivered to nearly 30 countries around the globe, and with global LNG demand rapidly rising, we expect even more countries to reap the benefits—including reduced emissions—from US LNG in the years to come.”
Charlie Riedl, Executive Director of the Centre for LNG:
“The US LNG industry is primed for remarkable growth in 2019, with multiple US projects coming online to nearly double US exports to the growing global market. Because of our massive natural gas resource base, the United States is in a unique position to provide natural gas to eager partners across the globe. As DOE’s recent NERA study demonstrates, even as exports grow, the price of natural gas is projected to be only slightly higher in 2040 than it was in 2010. Most importantly, modest price increases will be significantly outweighed by the positive economic benefits of exports.”
Fred Hutchison, President and CEO of LNG Allies:
“As American LNG exports increase throughout 2019, thousands of new jobs will be created in the United States, millions of people in the developing world will be lifted from energy poverty, and global greenhouse gas emissions will be reduced as clean US natural gas displaces coal in industrial and electric power applications.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/11012019/us-lng-ready-to-take-centre-stage-in-2019/