(Bloomberg) -- By 2035, the U.S. may have surpassed Australia and Qatar to become the world’s biggest supplier of liquefied natural gas, according to the chief executive officers of Canadian energy giant Enbridge Inc. and LNG exporter Tellurian Inc.
The U.S. already has about 70 million tons a year of LNG capacity coming online, Meg Gentle, Tellurian’s CEO, said in an interview at the CERAWeek by IHS Markit energy conference in Houston Wednesday. That compares with Australia’s 87 million and Qatar’s 82 million tons, respectively, she said. The world will meanwhile need another 20 million tons of new LNG supply a year installed over five years.
“The U.S. will be the cheapest source of new LNG, so we believe a lot of that 100 million tons will come from the U.S.,” Gentle said. That could “easily” hand the U.S. the biggest share of the LNG market.
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