The US could become the world’s biggest supplier of liquefied natural gas (LNG) in less than 20 years according to industry insiders cited by Bloomberg.
CEO’s of Canadian energy firm Enbridge and of Houston-based LNG exporter Tellurian each validate that forecast in interviews with the business news agency.
They say the shale boom has turned the US from an importer to an exporter of gas. And that plentiful supply – plus its price competitiveness – suggest it will be the nation best able to satisfy anticipated new demand of 20 million tons of LNG per year over the next five years.
If that holds, then it could be a springboard that sees the US overtake Australia and Qatar, the current world market leaders, by 2035.
