LNG Demand Reaches New Heights

Data from the Energy Information Administration posted this week detailed how U.S domestic consumption and exportation of natural gas has increased by 43% since 2012. As the world looks to shift to cleaner fuels, the U.S. continues to be an energy powerhouse, supplying the nation and our allies with affordable and accessible energy.

Sitting at a geographical and geological sweet spot, Texas and Louisiana have become the largest consumers and exporters of natural gas, growing approximately 116% since 2012. With new routes to export LNG, such as the Sabine Pass LNG export terminal, the U.S. has kept up with the demands of this decade while transitioning away from coal, lowering emissions. This infrastructure has been vital in securing reliable energy at home and abroad.

In the wake of the Ukraine war, our European allies had decouple from their dependence on Russian energy. In Germany’s case, as Russia’s largest natural gas importer, they quickly pivoted to the U.S. and Norway for their energy needs. Currently, the U.S. is on track to becoming Germany’s largest LNG provider with a recent deal between Venture Global and SEFE. Not only are is the U.S. providing low-cost dependable energy to our allies, but we are strengthening and fortifying our international relationships in our world’s fragile geopolitical state.

While the infrastructure built has been key to positioning the U.S. as a leader in natural gas, more can be done to support existing and future projects as the demand for cleaner fuels grows. Building LNG infrastructure will help maintain our nation’s status as a global energy leader as well facilitate a global rise in natural gas demand.

Similar Posts