Shale gas export business growing rapidly
Fuel Fix:
U.S. LNG export capacity to grow nearly sevenfold by 2019, EIA saysThis has the potential to greatly reduce the US balance of trade. It also takes away the Russian monopoly on providing natural gas to Europe.
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Five new LNG export projects, as well as rising capacity on pipelines to Mexico, will lift the nation's export capacity from 1.4 billion cubic feet of gas a day at the end of last year to 9.5 billion cubic feet a day by the end of 2019 – behind only Australia and Qatar, the EIA said.
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