For years, Trinidad was the leading exporter of LNG to the US, supplying nearly 70% of that country's LNG imports. But in the aftermath of the shale gas revolution, less than 25% of Trinidad’s LNG is still going to the nearby US market. A full 75% has now shifted to distant Asia and the closer but still emerging South American market
According to the US Energy Information Administration, the US imported 236.2 billion cubic feet in total (647 million cubic feet per day) of gas from Trinidad in 2010, a 19.7% decrease from 2009. So far this year, US LNG imports from Trinidad are down an even sharper 34% year-on-year, Bentek reports.
Trinidad's partial exit from the US is translating into more cargoes from the Caribbean nation for Argentina, Chile, Japan and South Korea, says Bentek analyst Chris Micsak
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