US new LNG boom is Australia’s new LNG bust

Wednesday, 4 May 2022

The US has already overhauled Australia’s LNG super boom to become the largest exporter of gas in the world and it has another 1.5mt per month coming on stream this year:

But the real action now is the second round of LNG super boom in the US. I have pointed out for ages that there is an astonishing pipeline of US LNG projects with export approval and even more coming up from behind:

By my conversion, this is nearly 250mt of LNG per annum. 2.5x Australian exports. It’s not all going to get up but the Ukraine has begun to seal the deals. Bloomie conversions are smaller than my own but still enormous:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.