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US LNG CAPACITY UPDATE

US LNG Capacity Update

Study Released May 15, 2010

Natural Gas Report - April 2010

In 2007, the US Federal Energy Regulatory Commission (FERC) and the US Maritime Administration (MARAD) had approved the construction and operation of twenty-five liquefied natural gas (LNG) re-gasification projects. Another fourteen LNG re-gasification projects were proposed to the FERC and the MARAD, and six were deemed potential projects. If all of the approved, proposed, and speculative projects had proceeded as planned, the US LNG import capacity would have increased by 58.8 BCFPD to 64.6 BCFPD, and exceeded the average volume of natural gas consumed in the US last year. Logically, not all of the projects moved forward. In fact, only seven projects (two expansion projects and five new LNG re-gasification facilities) have come to fruition. Since the beginning of 2007, the number of operating LNG re-gasification facilities has doubled, and by the end of 2010, LNG import capacity will be approximately three times greater than that in 2007. Figure 1 illustrates the locations of the ten existing LNG regasification facilities in the US..... Download full report.

April 2010