North America becomes LNG export powerhouse

The world has a new entrant to the select group of LNG exporters

Over the past few years, new gas processing/LNG capacity has surged in nearly every region. Growth on both the supply and demand sides has resulted in the announcement of billions of dollars of capital investment across the world. Millions of tonnes of new LNG import and export capacity have commenced operations, and millions more is under development. The global LNG export market has been dominated by the likes of Qatar, Australia, Malaysia, Algeria and Indonesia for the past 15 years. However, in the next decade, it is the US that will significantly expand its liquefaction capacity and become one of the most prominent LNG exporters in the world. The US shale gas boom has created an infrast