Gas Exports Just Quadrupled -- It's Good For The Economy & National Security

Last year Gazprom, Russia’s state-owned natural gas company, provided some 40 percent of Europe’s gas needs. Gazprom produced 16.6 trillion cubic feet of gas.

By comparison, America produced almost 27 trillion cubic feet of natural gas in 2017 and, according to the U.S. Energy Information Administration, is on track to produce 43 trillion cubic feet of natural gas by 2050....

EIA ANNUAL ENERGY OUTLOOK 2018

Less than 10 years after fearing America would need dozens of LNG import terminals to meet its energy needs, America instead became a net natural gas exporter in 2017, with exports quadrupling from 0.5 billion cubic feet of gas per day in 2016 to 1.94 billion cubic feet per day. Of U.S. LNG exports last year, 53 percent went to Mexico, South Korea and China, with the largest share, 20 percent, being received by Mexico.

Now U.S. LNG exports are set to quintuple by 2019 from 2017 levels to 9.6 billion cubic feet per day or 3.5 trillion cubic feet per year with the U.S. on track to become the world’s third-largest natural gas exporter by 2020, behind only Australia and Qatar. By comparison, 9.6 billion cubic feet is about one-third of what the U.S. uses to generate electricity on an average day and about equal to residential gas use for heating.

https://www.forbes.com/sites/chuckdevore/2018/05/14/u-s-liquefied-n...

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Permalink Reply by Coffeeguyzz on June 4, 2018 at 8:52pm

This whole topic of US LNG exports does not seem to generate the attention it most certainly deserves.

Specifically, when the "Third Generation" of LNG plants start to enter operation in 7 to 8 years' time, the low cost US LNG will be highly disruptive.

Keeping the numbers to a minimum, the Tellurian Delfin project will export over 27 million tonnes per year (mtpa) at a construction cost of under $16 billion.

This is almost TWICE the output of Russia's Yamal at slightly over half the cost.

In addition, Delfin will be larger than the 3 massive Curtis Island projects in eastern Australia at about 1/3 the cost.

Further innovations with LNG are being made with modular construction and "Floaters", i.e., placing liquification plants on ships to reduce cost and provide locational flexibility.

Ambitious plans are being made to establish a 13 mtpa floating facility off Louisiana.

The US is in an extraordinary position to take advantage of this abundant resource - natural gas - as it will be optimizing the newest procedures of liquification coupled with massive supplies of the resource.

Permalink Reply by Coffeeguyzz on June 4, 2018 at 10:29pm

I tried to edit/correct the above comment unsuccessfully.

The Tellurian project is called the Driftwood.

The floaters off Louisiana  (FLNG ... Floating Liquid Natural Gas), are a collaboration between Delfin and Golar.

The whole concept of placing floating re-gassification units - Floating Storage Regassification Units ... FSRUs - around the globe in semi remote locations will speed the adoption of gas-powered plants worldwide.

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