×

Liquefied Natural Profits

The United States and the Remaking of the Global Energy Economy

A liquified natural gas plant in southern England, August 16, 2013. Paul Hackett / Courtesy Reuters

As the production of unconventional oil and gas in the United States rises -- and as the United States increasingly exports that energy -- the world’s economic map will be forever changed. The power of today’s petro states, such as Iran and Russia, will continue to wane. More and more, the United States will be the stable, competitive source of choice for gasoline, diesel, natural gas liquids, and, soon, liquefied natural gas (LNG).

In the past two years, the United States has licensed four terminals for exporting LNG, mostly to countries with which it has no free trade agreement, such as Japan and various Latin American and European countries. By 2020, the United States could export as much as 61.7 million tons per year of LNG. That would make the United States the second-largest LNG exporter in the world, next to Qatar. Other deals in the licensing queue are likely

Loading, please wait...

Related Articles

This site uses cookies to improve your user experience. Click here to learn more.

Continue