The Advocate recently reported that the US is working with Japan and other countries in Asia to build facilities for US LNG exports and improve their energy security. The article reports that as the world’s biggest LNG importer, expansion in Japan offers a “great opportunity” to expand American energy’s influence, as emphasized by US Deputy Secretary of Energy Dan Brouillette:
“The world is right here in Asia. Demand for LNG is very, very high here. There is an enormous amount of opportunities not only for U.S. businesses but also for Japanese businesses as well as other Asian businesses.”
In fact, Japan consumes one-third of global LNG production. With a number of LNG projects underway or recently approved, Louisiana’s energy industry can play a key role in meeting the demand for the expected increase of LNG exports to Japan and other countries. As written in the article:
A wave of LNG projects are in various stages of construction and development in Louisiana, including Cheniere Energy’s Sabine Pass LNG Terminal, a nearly $20 billion facility on the Louisiana-Texas border, and Cameron LNG’s $10 billion project in Hackberry. Cheniere’s facility in 2016 became the first in the U.S. to export LNG. Cameron LNG is under construction and could send shipments next year.
In all, projects that are under construction or have been approved total $40.5 billion, according to Louisiana Economic Development. Another $52 billion in projects have been announced but not yet approved. More than 10,000 direct and indirect jobs are promised from the planned projects.
An increase in American LNG exports to Japan and other Asian countries benefits more than just the energy industry. As The Advocate writes, it is expected to reduce the US trade deficit, which could also promote Japan’s export of LNG infrastructure. Louisianians for Energy looks forward to the state’s continued role in providing reliable energy for not only Americans, but also for our allies from Mexico to Japan.