“This supports jobs, this supports investment in energy, this supports exports, a whole host of administration objectives.”
Once six facilities under construction or being expanded are completed over the next few years, the additional
liquefied gas exports could amount to as much as $50 billion in annual revenue, depending on gas prices.
The administration’s ambitions were explained emphatically last month by Gary D. Cohn, director of the National Economic Council, and they were followed up by the Energy Department’s authorization last Tuesday for a Texas export terminal
that Exxon Mobil and Qatar Petroleum have pursued for years.
Trump Administration’s Push for Gas Exports Faces Market Glut -
By CLIFFORD KRAUSSMAY 1, 2017
HOUSTON — The Trump administration is moving to make the United States the world’s leading
exporter of natural gas as a central component of both energy and trade policy.
“It’s been demonstrated over the last two years that when you have low natural gas prices, demand increases much faster
than what people think,” said Charif Souki, chairman of Tellurian, a Houston company developing a $15 billion L. N.G.
The momentum for start-ups hit a wall over the last two years worldwide,
and four United States projects approved in recent years have not yet begun construction.
In the United States alone, where Cheniere Energy began major liquefied gas exports only last year, shipments are expected to jump to nearly six billion
cubic feet a day from the current 1.5 billion cubic feet a day by the end of the decade as a cluster of projects are completed on the gulf coast.