Bloomberg’s Stephen Stapczynski reports that U.S. LNG exports have topped rivals for the first time.
- The U.S. recently became the world’s top LNG exporter, supplying European and Asian markets with a clean affordable energy supply.
- Increasing natural gas production and exports is good for the American economy and will also help wean European countries off their dependence of Russian gas.
- Higher LNG exports that displace Russian gas or the use of coal will reduce greenhouse gas emissions.
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“A shale gas revolution, coupled with billions of dollars of investments in liquefaction facilities, transformed the U.S. from a net LNG importer to a top exporter in less than a decade. U.S. natural gas production has surged by roughly 70% from 2010 after a combination of horizontal drilling and hydraulic fracturing unlocked supplies from shale formations across the country.”
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