Thread by @SStapczynski

The US was the world’s biggest exporter of liquefied natural gas last month for the first time ever
🇺🇸🦅🥧🚢

American output edged slightly above Qatar in December due largely to a jump in exports from Sabine Pass and Freeport, according to ship data

bloomberg.com/news/articles/…

The first American LNG cargo produced from shale gas was shipped in 2016, and the nation is expected to have the world’s largest export capacity by the end of 2022 after new units start up, according to @EIAgov

eia.gov/todayinenergy/…

The shale gas revolution, coupled with billions of dollars of investments in liquefaction facilities, transformed the US from a net LNG importer to a top exporter in less than a decade

US gas production has surged ~70% from 2010 as the nation unlocked shale reserves

The US’s position as top LNG shipper may be short-lived

Exports were just a hair above those from Qatar/Australia, and any production issues could affect ranks. Qatar will also start its gargantuan export expansion in the late 2020s, which could cement it as the top supplier

But despite the surge in US LNG exports, none can be imported into American ports because of the Jones Act

That’s why New England must import pricey LNG from overseas, as opposed to relatively cheaper American gas

More on that via @DoombergT

doomberg.substack.com/p/new-england-…

US LNG exports have become mainstream news 👇

edition.cnn.com/2022/01/05/ene…