GlobalData: US needs to 'fast-track' LNG exports to compete in global market

The US's lack of approved export terminals has prevented energy companies from competing in the growing global LNG market, despite the fact that the country is now the world's largest natural gas producer, said an analyst with research and consulting firm GlobalData. Global LNG capacity will rise an average of 10%/year during 2013-17, projected Carmine Rositano, GlobalData managing analyst, downstream oil and gas. Much of that change will be facilitated in Australia and Qatar, which will respectively hold 20% and 16% of global LNG capacity. Australia will see the Gladstone, Gorgon, Wheatstone, and Queensland terminals come online, increasing the country's LNG capacity by 10 bcfd over 2013...

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