Cheniere Energy plans to ship the first liquefied natural gas (LNG) cargo from the US in January, joining a flood of supplies that will allow buyers access to cargoes from all corners of the world.

Consumers will soon be able to get the supercooled fuel “at a moment’s notice”, Cheniere CEO Charif Souki said at the recent Singapore International Energy Week.

Global LNG supply is expected to climb to 500-billion cubic metres by 2020, with Australia and the US contributing the most to supplies, Fatih Birol, the executive director of the International Energy Agency, said at the event. About 325-billion cubic metres was traded in 2014, according to the Paris-based IEA.

US gas supplies boosted by the nation’s shale boom are poised to flood global markets at a time when prices for deliveries to Asia are near five-year lows. They will compete with cargoes from Australia to Qatar for market share as producers add a record amount of capacity next year while buyers in Asia demand more say in contract negotiations.

“It’s easy for me to believe in markets, as the US has the cheapest gas available on a global basis,” Souki said. “And it seems we are also able to produce liquefaction projects on a much cheaper basis than the rest of the world. With those two components, we have the cheapest source.”

Earlier in October, Cheniere cleared the latest hurdle in its bid to become the first LNG exporter in the continental US after winning approval from federal regulators to deliver and store refrigerants at its Sabine Pass LNG terminal, in Louisiana. The company has signed supply agreements with companies including BG Group, Gas Natural SDG, Korea Gas Corporation and GAIL India.

LNG for delivery to north-east Asia tumbled 32% this year to $6.90 per million British thermal units in the week to October 19, after slumping 45% in 2014, according to WGI data compiled by Bloomberg.

In the future, about three to four LNG cargoes each from Qatar and Australia as well as three from the US will be “ready to go to any destination”, Souki said, without giving a timeframe. In order to support the development of a trading hub in Asia, where he sees “exciting” growth, Cheniere plans to supply one cargo a month to the spot market in the region by mid-2016.

Singapore plans to set up a domestic secondary gas-trading market in its bid to become a regional centre for LNG, making way for the potential establishment of a gas futures market, S Iswaran, a Minister of Trade and Industry, said. While the city-state is competing with Japan, the world’s largest importer of the fuel, for hub status, Souki says, both centres can coexist as demand increases.

“I’m pretty sure the market will come back,” said Souki, referring to the recent slump in prices. “You don’t make a decision like this based on what’s going to happen in the next six months. You make it on what you think is going to happen over the next 20 years. US gas supplies will remain very large for a very long time.”