Still, while LNG costs have fallen, so too have the costs of certain power generation technologies (particularly wind and solar).
While much of the energy world remains consumed by sharply lower hydrocarbon commodity costs, renewable power technologies have improved tremendously. As renewable installations multiplied, costs declined sharply. Estimates have placed the learning rate effects at around 14% for wind and 18% for solar technologies.
In addition to other factors, the full cost of renewable power sources in many locations range from US$35 to US$60/MWh (excluding subsidies). Effectively, renewable technologies can today compete head-to-head with the variable costs of dispatching North American LNG via CCGTs (or other gas-fired generation technologies) in overseas markets.
The sun obviously doesn't always shine and the wind doesn't always blow, so there are natural limitations to the use of renewable power. Regardless, the continued advances in renewable performance suggest that natural gas-fired power generation technologies will rarely operate in base load configuration when priced off imported LNG.
With power storage technology being the next big development target, it's certainly easy to envision the world's power grid in 2030 looking very different than it does today.