U.S. LNG: A World Of Benefits Beyond Price

U.S. LNG: A World Of Benefits Beyond Price

The Asia Vision LNG carrier ship sits docked at a terminal in Sabine Pass, Texas, U. S., on Monday, ... [+] Feb. 22, 2016. The first tanker that will ship liquefied natural gas from Cheniere Energy Inc.'s Sabine Pass terminal in Louisiana has arrived, signaling the imminent start of exports as a result of the U. S. shale boom. The initial shipment was delayed to later this month or March from the third week of January because of faulty wiring that had to be replaced, Houston-based Cheniere said in a statement last month. Photographer: Eric Kayne/Bloomberg By Michelle Michot Foss and Anna Mikulska Liquefied natural gas, LNG, sourced from abundant U. S. production has become attractive to a broad range of customers in both the Atlantic and Pacific basins. Demand for crude oil and products dropped during the pandemic lockdowns, reflected in those U. S. exports (Figure 1). By contrast, U. S. exports of LNG were largely sustained and have reached new highs. U. S. LNG has been relatively cheap, supporting the addition of U. S. sourced natural gas in customer portfolios (Figure 2). Yet price is not the only motivation. A recent workshop organized by the Baker Institute's Center