In 2021, the U.S. added 25 million metric tons of LNG capacity owing to an expansion in liquefaction capacity, coupled with average utilization of plants increasing to 98 per cent in the third quarter of last year.
Meanwhile, the report tipped U.S. and China to represent the top export and import markets, respectively, for Liquefied Natural Gas in 2022.For the U.S., the position represents a shift upward from being the third-largest LNG exporter in 2021 at 73.6 million metric tons , following Australia and Qatar .
LNG development in the U.S. accelerated pre-pandemic due to the U.S. shale revolution and growing liquidity in LNG markets, including the commissioning of Venture Global’s 10 million tons per annum Calcasieu Pass LNG project, Tellurian’s 27.6 MTPA Driftwood LNG project and Cheniere’s Sabine Pass Train 6 facility.
Investments in gas and LNG capacity over the past 24 months were made under the assumption that oversupply in the LNG market would dissipate after 2021, and that demand growth would exceed incremental supply thereafter.
What a paradoxical post. Shortage domestic supplies
But we are still suffering from it's shortage in power supply and high cost of cooking gas,which country is this.
Yet we're still holding the trophy of poverty capital of the world, what can one call this?
Meanwhile we have none for domestic use. ..........eye service
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MobilePunch - 🏆 8. / 63 Read more »
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Source: DailyPostNGR - 🏆 11. / 59 Read more »
Source: thecableng - 🏆 2. / 80 Read more »