LNG -- US Defeats Canada -- November 19, 2022

Updates

Later, 00:22 a.m. CT: link here. 

Original Post 

Link here.

The Globe And Mail.

Long, long article. Archived.

This is perhaps one of the best articles I have ever seen on this subject. 

No paywall yet. 

Just one small excerpt from a very, very long article:

Despite anti-LNG protests in the U.S., proponents of more than 25 new projects and expansions there are jockeying for position to get their terminals built, with most of them clustered in Louisiana and Texas.

Given the fierce competition and limited pipeline capacity, industry experts expect two-thirds of the proposals will be suspended or outright cancelled. Yet that still leaves room for perhaps seven or eight new terminals, in addition to the three already under construction.

Of the total exports recently of LNG from the U.S., about 70 per cent went to Europe and the rest got shipped to Asia and other overseas markets.

Depending on how many new U.S. projects move ahead and how quickly, the country’s export capacity could surge to 150 million tonnes a year by 2029, or nearly 11 times higher than LNG Canada’s initial capacity. Woodfibre LNG and Cedar LNG, which plan to start exporting in 2027 from B.C., are both small-scale projects.

The U.S. LNG export renaissance began in February, 2016, when Sabine Pass LNG started shipping the fuel from its Louisiana site near the state’s boundary with Texas – the first project to begin exporting LNG from the lower 48 states.

But the roots of that revival date back to 2006. The U.S. was preparing for a wave of LNG imports, and companies built facilities to accept foreign supplies.

Clark Williams-Derry, a Seattle-based analyst with the Institute for Energy Economics and Financial Analysis, said the U.S. had a head start over Canada with planning and existing infrastructure because five of the current U.S. export terminals were originally configured as sites to handle imports. They provided the foundation for the post-2016 boom.