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>

<< Oct 2019 >>
MTWTFSS
30 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 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >