4 Interesting Facts about the Influence of LNG on the US Oil & Gas Industry
From the past few years, the US has evolved as a net exporter of Liquefied Natural Gas (LNG) due to the steady growth in natural gas production and declining pipeline natural gas imports. Until 1995, the US exported considerably small amounts of LNG, slowly picked up the production and peaked in 2007 when its production neared 771 billion cubic feet (Bcf). The steady rise in LNG can reap great profits for investors in the oil and gas industry. Continuing on the subject, we present oil and gas investment updates in the form of 4 interesting facts about the influence of LNG on the US oil and gas industry. Read on.
1. The US LNG Exports May Potentially Double in 2019
The US Energy Information Administration (EIA) currently predicts a potential doubling of US LNG exports in 2019. Several environmental regulations and concerns strengthen the production and export of LNG as opposed to alternative power sources such as coal. Many Asian and European nations are heavily reliant on natural gas primarily exported from the US. The increasing demand for LNG means a parallel demand for natural gas. Energy projects in Texas, North Dakota, and Oklahoma are a few among several in key oil-producing states to see a huge demand and profit.
2. The US Will Become a Key Player in the Global LNG Landscape
Several environmental concerns have forced nations into switching to natural gas for power production rather than thermal power plants that rely on coal to produce power. As LNG is one of the safest and most efficient methods of transporting natural gas, the global energy landscape will continue relying on the US natural gas supply for power production.
3. The US Will Soon Be the Third Largest Exporter of LNG
By the end of 2019, the LNG export capacity will reach nearly 9 billion Bcf per day, making US the third-largest exporter of LNG behind Australia and Qatar. Currently, the export capacity of the US LNG is a little less than 5 Bcf per day. The rapid surge in export capacity will subsequently lead to a rise in demand for natural gas. Many energy investment companies are hoping to make killer profits by the end of this year on behalf of investors.
4. Several Asian Nations are Heavily Reliant on US LNG Exports
In 2018, US LNG exports touched an all-time high of 1,083 Bcf. Nearly 37 nations imported LNG from the US with the top five being South Korea, Mexico, Japan, China, and India. As of now, the US is exporting more to Asian nations than to European nations; however, in the near future, there’s a strong likelihood that the European nations will strongly rely on the US natural gas.
Wrap Up
The US is steadily progressing towards becoming one of the world’s dominant exporters of LNG. As of now, the country is fixated on constructing large-scale liquefaction facilities for increased export capacity. All in all, this is a welcome development for investors in the US oil and gas industry. If you are a high net-worth individual looking to cash-in on the increasing LNG demand, look no further than the energy projects in Texas, North Dakota, and Oklahoma. Reach out to a reputable energy investment company in Texas to get started with investing in oil and gas.
1. The US LNG Exports May Potentially Double in 2019
The US Energy Information Administration (EIA) currently predicts a potential doubling of US LNG exports in 2019. Several environmental regulations and concerns strengthen the production and export of LNG as opposed to alternative power sources such as coal. Many Asian and European nations are heavily reliant on natural gas primarily exported from the US. The increasing demand for LNG means a parallel demand for natural gas. Energy projects in Texas, North Dakota, and Oklahoma are a few among several in key oil-producing states to see a huge demand and profit.
2. The US Will Become a Key Player in the Global LNG Landscape
Several environmental concerns have forced nations into switching to natural gas for power production rather than thermal power plants that rely on coal to produce power. As LNG is one of the safest and most efficient methods of transporting natural gas, the global energy landscape will continue relying on the US natural gas supply for power production.
3. The US Will Soon Be the Third Largest Exporter of LNG
By the end of 2019, the LNG export capacity will reach nearly 9 billion Bcf per day, making US the third-largest exporter of LNG behind Australia and Qatar. Currently, the export capacity of the US LNG is a little less than 5 Bcf per day. The rapid surge in export capacity will subsequently lead to a rise in demand for natural gas. Many energy investment companies are hoping to make killer profits by the end of this year on behalf of investors.
4. Several Asian Nations are Heavily Reliant on US LNG Exports
In 2018, US LNG exports touched an all-time high of 1,083 Bcf. Nearly 37 nations imported LNG from the US with the top five being South Korea, Mexico, Japan, China, and India. As of now, the US is exporting more to Asian nations than to European nations; however, in the near future, there’s a strong likelihood that the European nations will strongly rely on the US natural gas.
Wrap Up
The US is steadily progressing towards becoming one of the world’s dominant exporters of LNG. As of now, the country is fixated on constructing large-scale liquefaction facilities for increased export capacity. All in all, this is a welcome development for investors in the US oil and gas industry. If you are a high net-worth individual looking to cash-in on the increasing LNG demand, look no further than the energy projects in Texas, North Dakota, and Oklahoma. Reach out to a reputable energy investment company in Texas to get started with investing in oil and gas.
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