{"id":17272,"date":"2016-07-26T13:15:00","date_gmt":"2016-07-26T18:15:00","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=17272"},"modified":"2016-07-26T13:15:00","modified_gmt":"2016-07-26T18:15:00","slug":"half-of-americas-gas-exports-claimed-by-asia-in-next-3-years","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/half-of-americas-gas-exports-claimed-by-asia-in-next-3-years\/","title":{"rendered":"Half of America\u2019s Gas Exports Claimed by Asia in Next 3 Years"},"content":{"rendered":"

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More than half of the liquefied natural gas leaving the U.S. over the next three years is contracted by Asian buyers, signaling a potential shift in a market that has been dominated by Latin America since shale exports began in February.<\/p>\n

The U.S.\u00a0is slated to bring online 42.9 million tons a year of LNG export capacity in the next three years, with 52 percent contracted to utilities and national oil and gas companies in Japan, South Korea, India, Taiwan and Singapore, a Bloomberg New Energy Finance analysis shows. A recent expansion of the Panama Canal that opened up the locks to massive tankers carrying the fuel may prompt the first cargoes bound for Asia, according to the report.<\/p>\n

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The U.S. is emerging as one of the largest suppliers of the heating and power-plant fuel in the world as America\u2019s shale drillers seek to eliminate a glut of gas at home. Five export terminals are under construction across the nation with another two dozen projects under consideration. While suppliers have targeted Asia as a prime market for U.S. cargoes, shipments have so far been delivered most frequently to closer-by South America.<\/p>\n

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Watching Asia<\/h3>\n

\u201cEverybody is watching Asia because they consume so much,\u201d\u00a0Bloomberg New Energy Finance analyst Anastacia Dialynas said by phone. \u201cIt\u2019s impressive that so many have contracted for U.S. exports.\u201d<\/p>\n

More than half of the LNG shipments sent abroad by Cheniere, which became the first U.S. shale gas exporter in February, have gone to Argentina, Brazil and Chile, Dialynas said. Others went to Kuwait, the United Arab Emirates, Portugal and India.<\/p>\n

\u201cI don\u2019t think anybody anticipated South America to be such a big purchaser,\u201d she said.<\/p>\n

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