EIA: U.S. to Be Net LNG Exporter by 2016
Posted on Dec 18, 2013 in LNG Exports | Comments Off on EIA: U.S. to Be Net LNG Exporter by 2016
The U.S. Energy Information Administration released its Annual Energy Outlook (AEO) 2014 early release overview and, in the reference case, the United States becomes a net exporter of LNG in 2016, and becomes an overall net exporter of natural gas in 2018, two years earlier than in predicted in AEO 2013. The report predicts that U.S. exports of LNG from new liquefaction capacity will surpass 2 Tcf by 2020 and increase to 3.5 Tcf in 2029. U.S. cumulative net LNG exports from 2012 to 2040 are up by 160% in AEO 2014 compared with AEO 2013, due to increased use of LNG in markets outside North America, strong domestic production, and low U.S. natural gas prices relative to other global markets. The AEO 2014 Overview can be found here.