Financial Mirror on Nostr: US LNG exports to see further growth ========== The US LNG industry is concerned ...
US LNG exports to see further growth
==========
The US LNG industry is concerned about delays to export licence approvals for new LNG plants, but the EIA forecasts that US LNG exports will continue to grow as more export facilities come online. It expects exports equivalent to 11.8 bln cubic ft/d (bcf/d) in 2023 to rise to 12.4 bcf/d in 2024 and 14.4 bcf/d in 2025. Big LNG investments exceeding $235 bln are driving a 70% capacity increase by 2030. Globally, more than $720 bln is to be spent on gas pipelines under construction or planned, and an additional $190 bln is to be put on facilities to handle LNG imports. LNG projects under development total 917 mln tonnes per annum of new export capacity. The EU economy is relatively stable but stagnant, as it still faces growth challenges. European industry is unlikely to reach pre-pandemic growth rates anytime soon, as volatile prices continue to restrain industrial activity. The EU’s industrial output was down 5.8% in November. Germany was the worst-performing major economy in the world, where rising rates and high energy costs contributed to 0.3% contraction. China’s economy will see recovery in 2024. The IMF forecasts that the Chinese economy will maintain sound growth in 2024 and continue to account for a third of global economic growth. China, as well as the world petrochemical industry, are driving unprecedented growth in production. China’s green tech surge could turn global climate politics on its head. China is the world’s renewable powerhouse and will account for 60% of global renewables in 2028.
#UsLngExports #Eia #LngIndustry #GasPipelines #EuEconomy #China'sEconomy #RenewableEnergy
https://www.financialmirror.com/2024/01/21/us-lng-exports-to-see-further-growth/
==========
The US LNG industry is concerned about delays to export licence approvals for new LNG plants, but the EIA forecasts that US LNG exports will continue to grow as more export facilities come online. It expects exports equivalent to 11.8 bln cubic ft/d (bcf/d) in 2023 to rise to 12.4 bcf/d in 2024 and 14.4 bcf/d in 2025. Big LNG investments exceeding $235 bln are driving a 70% capacity increase by 2030. Globally, more than $720 bln is to be spent on gas pipelines under construction or planned, and an additional $190 bln is to be put on facilities to handle LNG imports. LNG projects under development total 917 mln tonnes per annum of new export capacity. The EU economy is relatively stable but stagnant, as it still faces growth challenges. European industry is unlikely to reach pre-pandemic growth rates anytime soon, as volatile prices continue to restrain industrial activity. The EU’s industrial output was down 5.8% in November. Germany was the worst-performing major economy in the world, where rising rates and high energy costs contributed to 0.3% contraction. China’s economy will see recovery in 2024. The IMF forecasts that the Chinese economy will maintain sound growth in 2024 and continue to account for a third of global economic growth. China, as well as the world petrochemical industry, are driving unprecedented growth in production. China’s green tech surge could turn global climate politics on its head. China is the world’s renewable powerhouse and will account for 60% of global renewables in 2028.
#UsLngExports #Eia #LngIndustry #GasPipelines #EuEconomy #China'sEconomy #RenewableEnergy
https://www.financialmirror.com/2024/01/21/us-lng-exports-to-see-further-growth/