US set to become largest LNG exporter, while China becomes largest importer

Reuters:
The United States and China will become the world’s biggest liquefied natural gas (LNG) exporters and importers, respectively, in five years, according to projections by the International Energy Agency (IEA).

U.S. LNG exports are expected to rocket to over 100 billion cubic meters (bcm) in 2024, dislodging current market leaders Australia and Qatar, Jean-Baptiste Dubreuil, senior natural gas analyst at IEA, said on Tuesday.
...
China’s LNG imports, meanwhile, are expected to surge to over 100 bcm in 2024, topping those of current world leader Japan.

Japan’s LNG imports have mostly declined since peaking in 2014 as utilities restart some nuclear plants shut for mandatory safety inspections and testing after an earthquake and tsunami damaged the Fukushima nuclear plant in 2011.

IEA said it expects world LNG demand to grow about 4% a year through 2024. To meet that demand, developers made final investment decisions in 2018 to add about 29 bcm of new export capacity and have doubled that to 58 bcm so far in 2019, Dubreuil said.
...
I think LNG exports may grow more than 4% because of the increased availability in the US as infrastructure comes online to make exports more available and also because the world is finding that alternative energy projects like wind and solar are inadequate and undependable.  Some alternative energy projects are already being abandoned and leaving a mess in the environment.

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