Liquefied natural gas was a big thing a couple of years ago in the United States. With so much cheap gas coming out of the ground thanks to hydraulic fracturing, the U.S. had more than enough not just for its domestic needs but also for gas-thirsty neighbors and far-off buyers such s China and South Korea. LNG was to be one of the weapons of U.S. energy dominance during the Trump administration, and indeed, Washington did what it could to motivate more export capacity. Planned LNG terminals dotted the map of the Gulf Coast and moved fast to final investment decisions not infrequently with Chinese purchase commitments. And then the trade war happened. Before the industry got back on its feet, the pandemic struck, and all bets were off. Global forecasts for liquefied natural gas are bright. They are not necessarily as bright for those U.S. LNG projects that […]

Posted in: USA