Bloomberg recently reported ongoing trade negotiations may put the U.S. on track to become China’s largest liquefied natural gas supplier. This move could reduce the U.S. trade deficit with China by $17 billion annually. Additionally, this relationship bolsters American foreign policy and energy dominance around the globe – and Louisiana is playing an important role.
The U.S. Energy Information Administration indicated in late May that Sempra Energy shipped its first cargo of LNG from its new facility in Cameron. This is the fourth such facility in the United States to enter service since 2016. The company has regulatory approval to expand the facility even further – increasing the facility’s LNG capacity and continuing to accommodate the nation’s LNG export boom.
The Cameron LNG facility isn’t Louisiana’s only contribution to increased natural gas exports. Australian-based LNG Limited has been seeking permission from federal regulators to boost the production at its proposed Lake Charles facility, Magnolia LNG. Lake Charles is also the location of Energy Transfer’s proposed multibillion LNG export terminal.
In addition to LNG, Louisiana has an abundance of propane, which the US is now a net exporter of as well.
Louisiana’s thriving energy industry is playing a critical role in not only our state’s economy – but also continuing to fuel the American energy boom, fostering economic growth and strengthening the U.S.’ position in the global energy market.