The United States is on track to become a net exporter of natural gas next year, driven largely by the growth of liquefied natural gas exports, according a recent article on FuelFix.com.
The U.S. started exporting LNG last year, courtesy of Houston-based Cheniere Energy, and the country is increasingly piping more natural gas to Mexico while, simultaneously, importing less gas via pipeline from Canada, according to the U.S. Energy Department.
Some experts believe that increases in natural gas exports will drive up the price of natural gas for U.S. consumers.
“The nation is projected to become a net exporter of total energy products shortly after 2020, the Energy Department said, which was a virtually unheard of proposition just a decade ago,” the article states. “Cheniere’s first LNG export facility at Louisiana’s Sabine Pass near the Texas border came online a year ago. Houston-based Freeport LNG Development’s export terminal is slated to start shipping LNG in 2018. Three other LNG export projects will be completed or under construction by 2021, including Cheniere’s other facility near Corpus Christi.”
FuelFix reports that the U.S. will keep exporting more natural gas by pipeline to Mexico to feed power plants for electricity generation. U.S. natural gas exports to Mexico have doubled since 2009 and will continue growing through 2020. Several pipeline projects are currently under construction.
To read the FuelFix.com article, click here.
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