In 2010, the mayor of Boston wanted to block the arrival of the first Yemeni cargos heading to its port, among terrorism concerns, while a new offshore terminal, Neptune LNG, was promising to replace the city’s 40-year old Everett LNG facility.
Barely a decade later, those facts seem from a parallel universe. First, because civil war in Yemen caused its LNG exports to stop in 2015. Second, because Everett is busier than ever, whereas Neptune LNG terminal was decommissioned after only receiving 2 cargos.
In a few years, the shale gas revolution has turned USA into one of the world’s biggest LNG exporters, only rivaled by Qatar and Australia. New England’s harsh winters are merely an anecdote in this new energy balance.
Cheniere was the first company to surf on this gas-to-LNG wave. Its visionary CEO Charif Souki ironically ended up being fired by the board. So what ? The guy takes a ski break to Aspen, and then comes back with a new company, Tellurian. More liquefaction – just buy more gas.
Where will the USA stand on the LNG map in 2025 ? Who knows. That may actually depend upon a Qatari prince, or an Australian law . Or a US presidential tweet.
photo (c) Jean-Christian Heintz