U.S. to be world’s biggest LNG supplier by 2035
The U.S. may surpass Australia and Qatar as the world’s biggest supplier of liquefied natural gas (LNG) by 2035, Bloomberg reported quoting CEOs of Canada's Enbridge and LNG exporter Tellurian. The U.S. will be the cheapest source of new LNG, so we believe a lot of LNG will come from the U.S., said Tellurian CEO Meg Gentle. Enbridge CEO Albert Monaco said that North America’s energy advantage extends from a unique combination of resources, the most advanced technologies being applied to those resources and the availability of capital. Meanwhile, a report in Natural Gas Intelligence said quoting LNG pioneer Charif Souki that LNG market, which was about 270 million tonnes last year, will grow to 360-370 million tonnes in three years time, and the U.S. Gulf Coast will serve 25-30% of that market. Souki, a cofounder of Cheniere Energy Inc. and later of Tellurian LNG, said anywhere from 12 to 15 LNG cargos will be for sale daily in the global market, controlled by a group of 30-40 players in the industry. Albert said that by 2035, it’s quite likely the U.S. making up the largest market share of the LNG market.