According to the latest statistics, the U.S. liquefied natural gas exports quadrupled from 0.5 billion cubic feet of gas per day in 2016 to 1.94 billion in 2017.
Of U.S. liquefied natural gas exports last year, 53 percent went to Mexico, South Korea, and China, with the largest share, 20 percent, going to Mexico.
Since the arrival of the first U.S. liquefied natural gas carrier in the Portuguese port of Sines in April 2016, the European Union has increased its imports of America's liquefied natural gas from 0 to 2.8 billion cubic meters.
Given that the global liquefied natural gas market has become increasingly fluid and competitive, the value of U.S. liquefied natural gas exports is expected to be almost $5 billion this year.
In a welcome move at their July meeting in Washington, President Donald Trump and European Commission President Jean-Claude Juncker agreed to strengthen U.S.-EU strategic cooperation on energy trade, through which the EU would import more U.S. liquefied natural gas to diversify its energy supply and make it more secure.
These restrictions need to be addressed sooner rather than later so that energy companies can capitalize even further on America's liquefied natural gas abundance and Europe's energy demands.
While strengthening relationships with trading partners around the world, America's liquefied natural gas exports, supported by the timely expansion of much-needed energy infrastructure, would provide an additional boon to the economy and create more jobs.
https://www.dailysignal.com/2018/08/22/how-to-keep-the-us-natural-gas-boon-going/
Of U.S. liquefied natural gas exports last year, 53 percent went to Mexico, South Korea, and China, with the largest share, 20 percent, going to Mexico.
Since the arrival of the first U.S. liquefied natural gas carrier in the Portuguese port of Sines in April 2016, the European Union has increased its imports of America's liquefied natural gas from 0 to 2.8 billion cubic meters.
Given that the global liquefied natural gas market has become increasingly fluid and competitive, the value of U.S. liquefied natural gas exports is expected to be almost $5 billion this year.
In a welcome move at their July meeting in Washington, President Donald Trump and European Commission President Jean-Claude Juncker agreed to strengthen U.S.-EU strategic cooperation on energy trade, through which the EU would import more U.S. liquefied natural gas to diversify its energy supply and make it more secure.
These restrictions need to be addressed sooner rather than later so that energy companies can capitalize even further on America's liquefied natural gas abundance and Europe's energy demands.
While strengthening relationships with trading partners around the world, America's liquefied natural gas exports, supported by the timely expansion of much-needed energy infrastructure, would provide an additional boon to the economy and create more jobs.
https://www.dailysignal.com/2018/08/22/how-to-keep-the-us-natural-gas-boon-going/
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