North American liquefied natural gas (LNG) exports, driven by record production in the United States, are projected to significantly expand over the next five years, according to a Sept. 3 U.S. Energy Information Administration (EIA) forecast.
North America LNG “export capacity is on track to more than double between 2024 and 2028, from 11.4 billion cubic feet per day (Bcf/d) in 2023 to 24.4 Bcf/d in 2028,” the report states.
The report notes that its projections are contingent on 10 projects currently under construction in Mexico, Canada, and the United States “beginning operations as planned.”
EIA’s projections follow the Department of Energy’s (DOE) Aug. 31 approval of its first LNG export permit to a non-Free Trade Agreement (FTA) nation in the seven months since the Biden administration imposed a temporary pause on such applications and two months after a federal judge in Louisiana lifted the pause while it is being appealed….