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75 sats \ 2 replies \ @Bell_curve 17 Jun freebie \ on: Russia overtakes USA as gas supplier in Europe news
Look at Norway 🇳🇴
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].
Sources
[1] How the U.S. Became the World's Biggest Natural Gas Supplier https://www.nytimes.com/interactive/2024/02/03/climate/us-lng-natural-gas-leader.html
[2] What's going on with natural gas exports? - High Country News https://www.hcn.org/issues/whats-going-on-with-natural-gas-exports/
[3] After the Pause: Understanding the Economic, Environmental, and ... https://www.resources.org/common-resources/after-the-pause-understanding-the-economic-environmental-and-geopolitical-implications-of-increased-us-liquefied-natural-gas-exports/
[4] Myth vs. Fact: Biden's LNG Export Ban https://energycommerce.house.gov/posts/myth-vs-fact-on-biden-s-lng-export-ban
[5] FACT SHEET: Biden-Harris Administration Announces Temporary ... https://www.whitehouse.gov/briefing-room/statements-releases/2024/01/26/fact-sheet-biden-harris-administration-announces-temporary-pause-on-pending-approvals-of-liquefied-natural-gas-exports/