From Motley Fool via Yahoo!Finance -- why 2019 will be a big year for LNG?
Given how long it takes to bring liquefied natural gas (LNG) export terminals online, it's not exactly a surprise that 2019 will be a monumental year for the domestic industry. Investors saw it coming years ago. But that doesn't make the growth any less impressive.Actually, I don't agree that it takes all that long (if you are building in Texas) -- remember, these are billion-dollar projects -- we started posting all the proposed facilities only a couple years ago, back in October 2016. Since then, a lot of terminals have come on line. Probably faster than the world can really adjust in the first place.
But I do agree with the second part of that paragraph: Investors saw it coming years ago.
Some data points:
- by late 2018, two terminals built, capacity to 3.6 billion cfpd
- Sabine Pass, owned by Cheniere Energy: 2.8 Bcf/d
- Cove Point, owned by Dominion Energy: 0.8 Bcf/d
- but by end the of 2019, four more LNG export terminals
- will double export capacity to 8.9 Bcf/d
- the US will become the world's 3rd-largest exporter of LNG (Qatar, #1; Australia, #2)
- players:
- Dominion Energy
- Kinder Morgan
- Sempra Energy (Cameron LNG terminal)
- Freeport LNG (privately held)
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