New projects could double the US export volumes about to come to market, said Tellurian boss Meg Gentle
By the end of the year, at least one new US export project should join Cheniere-led Sabine Pass, shipping out its first LNG cargoes.
Dominion Energy hopes to ship its commissioning cargoes from Cove Point in Chesapeake Bay by year-end. Next year, Kinder Morgan should follow suit at Elba Island in Georgia.
By the end of the decade, six confirmed LNG-export projects will bring nearly 65 million tonnes of LNG to market. Next up are Cameron LNG in 2018 and Corpus Christi LNG and Freeport LNG in 2019.
New export projects in Australia and the US have created an LNG-supply glut. But the smart money expects feast to switch famine within a decade.
And so – as Tellurian boss Meg Gentle tells us exclusively this week – a new wave of US LNG-export plans is already under way.
Tellurian hopes to reach a final investment decision as soon as next summer on Driftwood LNG, its 26 million tonne a year project in Louisiana. Dozens of other US projects are much less advanced – we will look at these next week on LNGworldshipping.com.
Meg Gentle expects global demand to support 100 million tonnes of new liquefaction capacity by 2025.
And she predicts that the second wave of US LNG projects will be every bit as big as the first…