The year 2019 is poised to be a big one for the U.S. LNG industry as domestic export capacity is set to nearly double to 10 billion cubic feet per day (Bcf/d). However, there is the risk that a lack of new LNG facilities after this next expansion will result in a supply gap over the next decade.
Current LNG export capacity from the U.S. comes from Cheniere Energy Inc.’s Sabine Pass terminal along the Gulf Coast and Dominion Energy’s Cove Point terminal in Maryland. Capacity is set to grow significantly next year as a result of several new facilities coming online along the Gulf Coast and Atlantic Coast. These facilities include Freeport LNG’s terminal in Texas; Kinder Morgan Inc.’s Elba Island, Ga., terminal; Cheniere’s Corpus Christi, Texas, terminal; and Sempra Energy’s Cameron, La., terminal.
Despite this growth, forecasts anticipate far more export capacity will be required to handle increased domestic production and global LNG demand. Cheniere officials reported that nearly 16.5 Bcf/d of additional LNG will be required by meet global demand by 2030.