In Direct Energy’s latest energy market update, Tim Bigler reviews a recent DOE report that details the exports of U.S. liquified natural gas (LNG).
What’s caused this uptick in exports? The answer is simple: Cheniere Energy began exporting LNG through its Sabina Pass facilities in Louisiana. At the time of writing, this is the only facility exporting LNG from the United States, but another facility is scheduled to open late 2017 in Maryland.
The question remains: how will this affect natural gas prices for energy brokers? No one has any firm answers yet, but Bigler gives some interesting insights and highlights a few things brokers should watch in the coming months, including the potential for even more natural gas exports to Europe.