US Liquefied Natural Gas Reaches Records

US Liquefied Natural Gas Reaches Records
AP Photo/Hadi Mizban, Pool

Over the final week of 2018, U.S. feedgas for LNG exports surpassed 5 billion cubic feet per day for the first time ever This is an increase of over 60% for the same time in 2017. LNG is now 4% of total U.S. gas needs and remains our largest incremental market going forward.

Bolstered by an easing of the trade war with China, the largest new gas user in the world (with nearly 15 regasification terminals scheduled to come on line 2020-2023), 2019 will be the "biggest year ever" for U.S. LNG. China was the third-largest buyer of U.S. LNG last year after Mexico and South Korea, despite having no off take agreements.

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