U.S. liquified natural gas export capacity is growing
Data: Energy Information Administration; Chart: Axios Visuals
The Energy Information Administration is out with a helpful primer on the growth of U.S liquefied natural gas export infrastructure, and when various projects are expected to come online.
Why it matters: The sharp growth is one result of the fracking-enabled production surge that's helping to transform the U.S into a prominent LNG exporter, in addition to already boosting the share of natural gas in U.S. power generation at coal's expense.
- Go deeper: Yesterday the Houston Chronicle published a detailed feature about the growth of U.S. LNG projects, concluding that the U.S. is at a "tipping point."
- They note: "The Energy Department projects that LNG production capacity will quadruple by the end of 2019, making the nation the largest source of LNG after Qatar and Australia. The International Energy Agency predicts the U.S. could vault to first within a decade."