LNG (Not Pipes) to Increase in U.S. NatGas Exports Next 2 Years
With all the hubbub over LNG exports in recent years, you would be forgiven for perhaps not knowing that until recently, pipelines (to Canada and Mexico) were the dominant, primary way natural gas was exported from the U.S. Only with the rise of the first LNG export facility in 2016 (just seven years ago) has our ability to transport our natural gas to distant shores been a reality. And wow! What a reality it has become! The U.S. Energy Information Administration (EIA) forecasts that U.S. natural gas exports will grow over the next few years--but not because of an increase in pipeline capacity. Natural gas exports will grow, continue to grow, because of LNG exports. Which makes sense. There's only so much natgas either Canada or Mexico can use from us. The rest of the world is still a blank canvas.
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