Later this year, the first facility in the lower 48 states that is designed to export liquefied natural gas should begin shipments from the U.S. Gulf Coast.
It’s preparing to do so in a buyer’s market, where oil and natural gas prices have stayed stubbornly low. Globally, one of the biggest gas consumers, China, is also seeing slower growth than had been predicted.
Prolific production from shale plays across the United States, including the Marcellus Shale, have producers looking overseas to sell natural gas to deal with the domestic supply glut of natural gas. Meanwhile, other countries, like Australia, also want to export their own gas supplies.