LNG exports will push natural gas prices higher

[dan_s]

America’s LNG Takeover Begins
Keith Kohl on April 17th

It took just about 10 years for the U.S. to dominate the world’s LNG trade.

I know the veteran members of our investment community here know about the significance of the Asia Vision.

Back on February 24, 2016, the Asia Vision — a 285 m LNG tanker — departed Sabine Pass, Louisiana.

But it wasn’t the 2-year old tanker that captured our attention, but rather what was lying in its cargo hold.

You see, the Asia Vision was exporting the first-ever U.S. LNG shipment in the shale era.

After nearly a decade of fracking innovation, billions in infrastructure investment and regulatory battles fought and won, this single tanker steaming toward Brazil was laden with 3.4 billion cubic feet of super-chilled American natural gas.

However, this was more than simply a historic milestone.

It marked the beginning of America's energy renaissance.

At the time, few among the investment herd would realize that ten years later, the U.S. would be positioned as the world's largest LNG exporter.

Of course, it wasn’t long before Sabine Pass evolved from a single terminal into a 30-million-ton-per-year export powerhouse.

Five more terminals were destined to come online in Corpus Christi, Cameron, Freeport, Calcasieu Pass, and Cove Point.

In fact, U.S. LNG exports went from zero in 2016 to 11.9 Bcf/d in 2024 — surpassing Qatar and Australia combined.

Soon, the world will realize that the situation has changed again.