The shale drilling boom over the last decade has propelled the U.S. into a dominant position in the natural gas export market, and Louisiana is at the forefront of that change, industry representatives said at Thursday's closing presentation of the Louisiana Gulf Coast Oil Exposition.
"It really dwarfs what's happening in other parts of the world when you look at what's happening here," said Jason French, vice president of government and public affairs for Tellurian, Inc.
Natural gas today remains cheap and abundant, but investors are pouring money into massive infrastructure projects in Louisiana.
More than $90 billion in LNG projects are either under construction or proposed to begin construction over the next decade, French said. Investors include the Houston-based Tellurian, which is developing the Driftwood LNG terminal that would handle 4 billion cubic feet per day of natural gas for export.