Tellurian Inc (TELL)

[eFinanceMarkets]

$TELL With the U.S. set to become a dominant player in the global market for liquefied natural gas, officials and consultants at the S&P Global Platts annual LNG conference in Houston say the U.S. will need to ramp up exports in the coming years as increasingly efficient drilling methods create a domestic supply glut.

"We're going to have too much gas with nowhere to go," says Renato Pereira, VP of business development and marketing for Tellurian (TELL -0.3%).

Steven Winberg, the U.S. Energy Department's assistant secretary for fossil fuels, says the U.S. has six projects underway in Texas, Louisiana, Georgia and Maryland that will support LNG exports of more than 10B cf/day.

Cheniere Energy's (LNG +0.5%) Sabine Pass facility in Louisiana, for now the only U.S. LNG terminal in operation, already has shipped more than 800B cf of natural gas since it began exports in 2016, and last week announced two long-term agreements to export LNG to China.