The United States’ exports now exceed its imports, making it a net exporter of Liquefied Natural Gas, according to a report by S&P Global Platts. The report states that in November of the current year the USA exported 7.4 billion cubic feet and imported 7 billion. The trade balance hasn’t shifted in this direction for 60 years, and now it has less than a year since the end of sanctions that prohibited trading in crude oil. Winter may bring US exports up even further.
Pakistan has shown dedicated commitment to the LNG market by developing terminals for the storage and distribution of liquefied natural gas. The country is eager to become one of the sector’s major Asian hubs. Islamabad’s demand for LNG amounts to 30 million t per year, and to meet this demand seven regasification terminals will be built by the end of 2019. In the meantime, at least 12 Japanese companies have shown interest in a tender for the sale of LNG, 60 cargos over the next five years and 180 over the next 15. Some analysts believe Pakistan’s LNG demand could reach 80 million t by 2025.