The biggest shake-up of the global energy market for years has seen the US emerge as a key natural gas producer. Developers are now looking to convert former import terminals and build a new generation of export terminals.
This briefing assesses the current state of the approvals process for and the challenges facing the 298 million tonnes of annual export capacity in the offing. It looks at who may buy US LNG and how new trading patterns will change the structure of the global market.
Finally, the briefing balances what new risks are now posed by the many unknown variables, both political and economic, with the evolving market opportunities on offer.
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Importer to exporter
Shale gas has turned the US from an LNG importer into an exporter set to shake up a fragmented, unresponsive global LNG market
LEGAL APPROVALS
A faster, more favourable approvals process 4
Getting legal approval for LNG exports is a complex process, but the government in principle is in favour of exports
EXPORT DATA
Export applications reach 44
Developers have applied for approval to export a total of 40.96 billion cubic feet per day of natural gas, or 298 million tonnes per year of LNG
COMMERCIAL DETAILS
Who will buy US LNG?
The emerging TPP trade agreement between the US and Asia could dictate how US LNG exports develop
MARKET IMPACT – PART 1
Changing trading patterns
US LNG exports are set to have a dramatic effect on global trading patterns
MARKET IMPACT – PART 2
New market structures to emerge
The entry of US LNG will generate new market structures, breathing life into a fragmented market. The effect on prides will also be felt at home
WHAT’S NEXT?
Commercial bonanza, but unexpected consequences
US exporters must balance the risks posed by unknown variables, both political and economic, with the evolving market opportunities on offer
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