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Friday, 11 January 2019 15:00

U.S. LNG ready to take center stage in 2019

U.S. LNG ready to take center stage in 2019

The coming year is expected to make the U.S. the third largest exporter of liquefied natural gas (LNG) in the world, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the American Petroleum Institute (API).

The American Petroleum Institute, Center for LNG, and LNG Allies, the three national trade associations specializing in U.S. LNG, have issued a first-of-its-kind joint statement on the extraordinary developments expected in U.S. LNG in 2019.

“With LNG export capacity set to nearly double in 2019, the United States is poised to become a leading global supplier. U.S. LNG cargoes have already been delivered to nearly 30 countries around the globe, and we expect even more countries to reap the benefits from U.S. LNG in the years to come,” Todd Snitchler, Vice President of Market Development at the American Petroleum Institute, said.

“The U.S. LNG industry is primed for remarkable growth in 2019, with multiple U.S. projects coming online to nearly double U.S. exports to the growing global market. The price of natural gas is projected to be only slightly higher in 2040 than it was in 2010”, Charlie Riedl, Executive Director of the Center for LNG, said.

“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 U.S. natural gas displaces coal in industrial and electric power applications”, Fred Hutchison, President and CEO of LNG Allies, said.

More details: https://www.api.org/news-policy-and-issues/news/2019/01/10/us-lng-ready-to-take-center-stage-in-2019

Person in charge of the newsline: Olga Nagiyeva 

 

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