North America to provide nearly 7 bcf/day of global LNG supply by 2020

A new report from Bentek Energy would seem to indicate that natural gas producers in Canada and the United States have something to look forward to if they can hold on through the current low-price environment for a few more years.

New export projects currently underway and on the drawing board are expected to provide 6.8 billion cubic feet per day of LNG supply to the global market by 2020, according to the report titled, “LNG Exports: The Global Thirst for North American Shale Gas.”

The report added that even though plans for 19 LNG export terminals in North America could provide more than 24 bcf/day of export capacity, Bentek expects only six of those projects actually to come online by 2020.

Bentek noted that regulatory risk in the US, particularly Department of Energy authorization of exports to non-FTA countries, remains the most significant risk to the LNG export forecast.

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