LNG exports will not be detrimental to the US economy, nor cause significant gas price increases, according to two reports commissioned last year by the US Department of Energy (DoE). However, the highest export case considered by these reports was the equivalent of 80 mtpa of LNG by visual_editor030. Now, with the approval granted in November to the Freeport LNG expansion, the total volume of approvals is already around 50 mtpa, with little sign that the process is about to be halted. And with the total capacity of all the US projects mooted approaching a staggering 300 mtpa, it seems that approvals will reach or exceed the highest cases considered by the DoE. So how many of these projects are likely to proceed to construction, and what will be the impact on the LNG industry? LNG Business Review takes a look at the possible repercussions of the building wave of US LNG exports.
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