Mexico, South Korea and China are the biggest buyers of US LNG

Image courtesy of Cheniere

Mexico, South Korea and China are the biggest buyers of liquefied natural gas (LNG) produced from US shale gas, according to the data from the Department of Energy.

These three countries took almost half of the total LNG volumes that have been produced at Cheniere’s Sabine liquefaction plant in the period from February 2016 to December last year, the data shows.

For the year of 2017, US LNG exports surged to 13.1 million tonnes from 3.1 million tones in 2016 as Train 3 and 4 started producing the chilled fuel at Sabine Pass.

There are currently four 0.6-Bcfd liquefaction trains operating at Sabine Pass, and a fifth is under construction and expected to enter service in mid-2019.

Last year also saw Asia becoming the preferred destination of US LNG.

Asia Oceania absorbed the largest share or 43% percent of US LNG volumes in 2017 while nearby markets of South America and Mexico still accounted for 31% of US LNG deliveries, the international association for natural gas, Cedigaz said in a report.

Image courtesy of Cedigaz

The US transitioned to a net exporter of natural gas in 2017 boosted by LNG exports, according to the Energy Information Administration.

US LNG exports will continue to rise this year as Dominion plans to launch its Cove Point facility in March bringing the total number of LNG export facilities to two.

EIA previously said it estimates US LNG exports will average 3.0 Bcf/d in 2018, up from 1.9 Bcf/d in 2017.

The agency projects LNG exports to average 4.8 Bcf/d in 2019 as more facilities come online.

 

LNG World News Staff

 

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >