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The United States has become the world's largest exporter of liquefied natural gas (LNG), exporting about 12 billion cubic feet per day (bcf/d) in 2023, equivalent to 10.5% of domestic marketed production that year[3]. This LNG export boom is primarily the result of the shale revolution, which unlocked an abundance of affordable natural gas and oil[3].
U.S. LNG exports have grown significantly since 2016, with seven large export facilities constructed in Texas, Louisiana, Maryland and Georgia that can export around 11.4 bcf/d[1]. Another five projects along the Gulf Coast are already permitted and under construction, capable of exporting an additional 9.7 bcf/d by 2027[1].
In 2023, the U.S. became the world's largest LNG exporter, as well as a major consumer, with Americans spending $269 billion on natural gas, an all-time high[2]. Several additional export terminals are in development, including two facilities on Mexico's West Coast, which would draw from Western U.S. gas fields[2].
However, in January 2024, the Biden administration announced a temporary pause on approving new LNG export facilities while it updates its process for determining whether such approvals are in the public interest[3]. This pause does not affect existing terminals or projects already under construction[3].
The U.S. LNG exports have had significant economic, environmental and geopolitical implications. Economically, exports have boosted domestic natural gas production and created jobs[3]. Environmentally, U.S. LNG is 41% cleaner than Russian natural gas delivered to Europe[4]. Geopolitically, U.S. LNG has enabled Europe to reduce its reliance on Russian gas by more than half since Russia's invasion of Ukraine in 2022[1].
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21 sats \ 1 reply \ @TomK OP 17 Jun
Well done
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