US plans to double LNG export capacity amid rising global demand
“The US is really leading the world now in both production and is significantly exporting both LNG and oil,” Mark Menezes told reports on the sidelines of the State of the Energy Industry Forum in Washington. He added: “We’re now exporting up to more than 3 million barrels per day,” noting that US exports help stabilize global energy markets by maintaining supply and moderating prices.
Menezes highlighted that February will mark the 10th anniversary of the country’s first LNG export. “In fact, the demand has been so great globally that we’re going to double our capacity to export in the coming years,” he said, adding that allies around the world, including Türkiye, will benefit from a plentiful supply of affordable natural gas for years to come, according to reports.
Regarding US-Türkiye energy cooperation, Menezes said collaboration extends beyond LNG to nuclear energy and other sectors. “It’s important that the US and Türkiye remain really strong allies for global security purposes,” he stated. He emphasized the long-standing relationship between the two countries and the US role in ensuring that “Türkiye has an abundance of energy.”
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