Tuesday 22 May 2018

US to launch global blitz of liquid gas exports

The move could threaten Russian gas dominance in Europe
The move could threaten Russian gas dominance in Europe

Ambrose Evans-Pritchard

The United States is poised to flood world markets with once-unthinkable quantities of liquefied natural gas as soon as this year, profoundly changing the geo-politics of global energy and posing a major threat to Russian gas dominance in Europe.

"We anticipate becoming big players, and I think we'll have a big impact," said Ernest Moniz, the US Energy Secretary. "We're going to influence the whole global LNG market."

Mr Moniz said four LNG export terminals are under construction and the first wave of shipments may begin before the end of this year or in early 2016 at the latest.

"Certainly in this decade, there's a good chance that we will be LNG exporters on the scale of Qatar, which is today's largest LNG exporter," he said, speaking on the margins of the IHS CERAWeek energy summit in Texas.

Qatar exports just over 100bn cubic metres, though Australia is catching up fast as the offshore Gorgon field comes on stream.

Irish Independent

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