Energy Secretary Moniz: U.S. to be major LNG export player

Energy Secretary Ernest Moniz said he expects U.S. to be one of the major export players in the global liquefied natural gas market.

The U.S. Department of Energy has approved the export of over 120 billion cubic meters of LNG per year. To give you a scale, that is one-third of Europe’s use, and its about the amount that Qatar, the world’s largest LNG exporter, currently exports,” Moniz told Bloomberg’s Rishaad Salamat in an interview on Wednesday.

So, the U.S. is almost certainly going to be one of the major players on the LNG export market over the next several years,” he said.

Houston-based Cheniere started exporting LNG from the Sabine Pass facility in the Gulf Coast, the first of its kind to ship U.S. shale gas overseas, in February.

Since then, the company shipped seven commissioning cargoes from the plant to South America, Asia and Europe.

Cheniere is building six liquefaction trains at its Sabine Pass plant, and is also constructing the Corpus Christi liquefaction project.

Besides these two projects, several more LNG export terminals are under construction along the Gulf Coast.

 

LNG World News Staff

 

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