The U.S. LNG export industry might best be described as an adolescent spurting growth at a near-supernatural pace. Less than three years ago, the first shipment of LNG from the lower 48 left the Gulf Coast headed to global markets. Now, we are predicted to become a dominant supplier within a few short years.
RMR today is studying the nation’s LNG boom—a direct result of the fracking revolution that has made us a net exporter of both oil and natural gas. With five export terminals in operation, $507 billion in new projects underway, and a 242% rise in LNG exports, the U.S. in on track to become a formidable global competitor as countries transition to cleaner burning fuels. The latest addition to our expanding LNG landscape is Kinder Morgan’s Elba Island export terminal near Savannah, Ga. After weathering delays caused by Hurricane Dorian in September, the plant began commercial service late last week on the first four of what will be 10 liquefaction trains. When fully completed, KM’s Elba Island facility will have liquefaction capability of 2.5 million tons per year.
American innovation never fails to impress. What do you think?
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