The United States began exporting LNG just two years ago, and last year it was already a net exporter of the fuel, despite a global glut. By the end of 2019, the EIA projects the total LNG export capacity in the country will reach 9.6 billion cu ft daily, and if all is utilized, the U.S. will become the world’s third-largest LNG exporter, after Qatar and Australia. That’s good news for gas-focused energy companies. However, it’s worth noting that a lot of final investment decisions on this future capacity have been delayed for lack of long-term buying commitments. Also, since the U.S. is not the only one expanding its LNG export capacity, it remains to be seen how much of the capacity that gets built will actually be utilized. A third note that needs making here is that domestic gas consumption is also rising. Let’s address these considerations one […]