Released April 22, 2022 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. could surpass Australia and Qatar as the world's top liquefied natural gas (LNG) exporter, according to the U.S. Energy Information Administration (EIA), once Venture Global LNG's (Arlington, Virginia) Calcasieu Pass LNG export facility in Louisiana is placed into full service by the end of 2022.
U.S. LNG exports this year are expected to average 12.2 billion cubic feet per day (Bcf/d), up from a then-record 9.7 Bcf/d in 2021, according to the EIA.
Click on the image at right showing monthly U.S. natural gas exports from 2016 through 2023 projections, broken out by LNG and via pipeline.
The first-phase liquefaction terminal at the Calcasieu Pass facility--which will produce more than 10 million metric tons per year of LNG for export when fully in service--began first production in mid-January, according to the company. The first commissioned cargo departed on March 1 on a tanker chartered by JERA Global Markets, a subsidiary of JERA (Tokyo, Japan)--one of the world's largest buyers of LNG and Japan's biggest power generator, according to the company. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can click here for the project report.
A second-phase expansion project, to add another 5 million tons per year of production capacity, is underway; completion is expected in early 2023. Subscribers can click here for the project report. The LNG would be transported via the 24-mile, 42-inch-diameter TransCameron Pipeline, which will interconnect with three existing pipelines: TC Energy's (NYSE:TRP) (Calgary, Alberta) ANR Pipeline; Enbridge Incorporated's (NYSE:ENB) (Calgary) Texas Eastern (TETCO) Pipeline; and the Louisiana intrastate Bridgeline Pipeline, owned by EnLink Midstream LLC (NYSE:ENLC) (Dallas, Texas).
Subscribers to Industrial Info's GMI Oil & Gas Pipelines Project Database can click here for project reports related to the TransCameron Pipeline.
Venture Global also plans to invest more than $10 billion to construct the CP2 LNG production and export terminal, adjacent to Calcasieu Pass. When complete, the facility would produce about 18 million to 20 million metric tons per year for export. Construction on the first phase is expected to begin in 2023. Subscribers can click here for reports on the CP2 projects, which are in the planning stage.
Jesus Davis, Industrial Info's North American research specialist for the oil and gas production, pipelines and terminals industries, expects 2022 to be an active year for U.S. LNG project activity. For more information, see Industrial Info's December 28, 2021, article - U.S. LNG Project Activity Expected to Heat Up in 2022.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
U.S. LNG exports this year are expected to average 12.2 billion cubic feet per day (Bcf/d), up from a then-record 9.7 Bcf/d in 2021, according to the EIA.
Click on the image at right showing monthly U.S. natural gas exports from 2016 through 2023 projections, broken out by LNG and via pipeline.The first-phase liquefaction terminal at the Calcasieu Pass facility--which will produce more than 10 million metric tons per year of LNG for export when fully in service--began first production in mid-January, according to the company. The first commissioned cargo departed on March 1 on a tanker chartered by JERA Global Markets, a subsidiary of JERA (Tokyo, Japan)--one of the world's largest buyers of LNG and Japan's biggest power generator, according to the company. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can click here for the project report.
A second-phase expansion project, to add another 5 million tons per year of production capacity, is underway; completion is expected in early 2023. Subscribers can click here for the project report. The LNG would be transported via the 24-mile, 42-inch-diameter TransCameron Pipeline, which will interconnect with three existing pipelines: TC Energy's (NYSE:TRP) (Calgary, Alberta) ANR Pipeline; Enbridge Incorporated's (NYSE:ENB) (Calgary) Texas Eastern (TETCO) Pipeline; and the Louisiana intrastate Bridgeline Pipeline, owned by EnLink Midstream LLC (NYSE:ENLC) (Dallas, Texas).
Subscribers to Industrial Info's GMI Oil & Gas Pipelines Project Database can click here for project reports related to the TransCameron Pipeline.
Venture Global also plans to invest more than $10 billion to construct the CP2 LNG production and export terminal, adjacent to Calcasieu Pass. When complete, the facility would produce about 18 million to 20 million metric tons per year for export. Construction on the first phase is expected to begin in 2023. Subscribers can click here for reports on the CP2 projects, which are in the planning stage.
Jesus Davis, Industrial Info's North American research specialist for the oil and gas production, pipelines and terminals industries, expects 2022 to be an active year for U.S. LNG project activity. For more information, see Industrial Info's December 28, 2021, article - U.S. LNG Project Activity Expected to Heat Up in 2022.
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
