The big energy news this week has been all LNG. Rural Americans are benefiting by a shale revolution positioning us to be the supplier in a LNG world.
The headlines from around the world this week in energy news this week have largely been about LNG and the increasing demand for it. This demand is putting rural Americans in the enviable position of potentially becoming the world’s supplier of the stuff. We’re talking about gas produced in rural Pennsylvania, Ohio, Texas and West Virginia that is going to China, Italy, Japan, Pakistan and South Korea. It’s an enormous opportunity.
All one needs to do understand this tremendous opportunity is to peruse some of the journals out there that follow LNG activity. Here, for example, are some excerpts from the ChinaKnowledge website (emphasis added):
China is on track to become the world’s largest importer of natural gas this year, overtaking long-standing leaders Japan and South Korea…
China has imported 57.18 million tons of gas from the start of the year to August, overtaking Japan’s 56.45 million tons…