The shale revolution took off and by 2009 America became the world’s largest natural gas producer, surpassing Russia. For good measure, America was soon producing more oil than Saudi Arabia and is now by far the leading producer of hydrocarbons (oil and gas) around the world. Nobody wants to let $1.4 billion go to waste, so at first companies seeking to import liquefied natural gas held out hope that significant imports would soon be coming.
Those imports never came. Instead, there was so much gas available in America that it was soon time to turn those natural gas terminals around. Today, Cheniere is exporting more and more gas, while another LNG project is nearing completion in Maryland. Within two years, the government projects there will be six terminals exporting liquefied natural gas by ship. And that says nothing of the growing exports by pipeline to Mexico. Exports went from basically nothing before the 1990s to 333,251 million cubic feet (mcf) in 2010 and then to 1,377,305 mcf in 2016.
All this adds up to an announcement from the U.S. Energy Information Administration on January 10, 2018 that America was a net natural gas exporter in 2017 for the first time in 60 years. Exports are expected to continue to grow, and new pipelines are bringing more and more gas from Pennsylvania, Ohio, and West Virginia to these export markets. If you want to be a part of this game-changing market, the Pennsylvania-based experts at Cimmaron Land can help. Send us a note or call us at (412) 212-7517 today.