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illuminem summarizes for you the essential news of the day. Read the full piece on the US-EIA or enjoy below:
🗞️ Driving the news: North America's liquefied natural gas (LNG) export capacity is projected to more than double from 11.4 billion cubic feet per day (Bcf/d) in 2023 to 24.4 Bcf/d by 2028
• This expansion is driven by new LNG export terminals under construction in Mexico, Canada, and the United States
• A total of 10 new projects are expected to come online, significantly boosting the region's LNG export capabilities
🔭 The context: The United States leads the expansion with five projects adding 9.7 Bcf/d of new capacity, including major developments like Plaquemines LNG and Corpus Christi Stage III
• Canada is constructing three LNG export facilities in British Columbia, totaling 2.5 Bcf/d
• Mexico is adding 0.8 Bcf/d, with projects like Fast LNG Altamira and Energía Costa Azul leveraging U.S. natural gas supplies
🌍 Why it matters for the planet: The significant increase in North America's LNG export capacity will strengthen its role in global energy markets, potentially enhancing energy security for importing countries
• However, the expansion of LNG infrastructure also raises environmental concerns, including greenhouse gas emissions and the impact on local ecosystems, as fossil fuels remain a primary energy source
⏭️ What's next: With LNG export capacities set to grow rapidly, attention will focus on the successful completion of these projects and potential additional proposals
• Future developments may depend on market demand, regulatory approvals, and final investment decisions for proposed projects, especially in Mexico and Canada
📈 One stat: North America's LNG export capacity is expected to increase by more than 13 Bcf/d, reaching 24.4 Bcf/d by the end of 2028
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