SELECT LANGUAGE BELOW

US led the world in LNG exports in 2023

The United States led the world in exports Liquefied natural gas (LNG) According to tanker tracking data, 2023 achieved monthly and annual records in December.

Analysts said the record set in December would make the United States number one in the world, ahead of Qatar and Australia. Largest LNG exporter According to US government data, Qatar will be the largest LNG exporter in 2022, followed by Australia.

Alex Manton, director of global gas and LNG research at consulting firm Rapidan Energy Group, told Reuters that most of the growth in global LNG production in 2023 will be driven by the United States, with about 8.6 million LNG produced in December. tons (MT) were shipped from U.S. bases. alone.

“The U.S. record production was driven by two factors: Freeport LNG’s return to full service with a 6 ton increase, and Venture Global LNG’s Calcasieu Pass facility. Full-year production is 3 tonnes higher than in 2022,” Manton said.

Oil prices rise after US strikes back against Houthis in Red Sea

The United States led the world in LNG exports in 2023, surpassing Qatar and Australia, according to tanker tracking and government data. (Lindsay Johnnys/Bloomberg via Getty Images/Getty Images)

Full-year U.S. exports increased 14.7% to 88.9 million metric tons (MT). This was primarily due to the return to full production at the Freeport LNG facility, which suffered a fire in 2022 that required repairs, and improvements in processing efficiency at other facilities. facility, LSEG data showed.

For comparison, the United States exported 77.5 million tons of LNG in 2022, according to 2022 data from financial information providers.

Biden administration quietly rolls back Trump-era rule, bans fossil fuel rail transport

LNG export tanker

Europe remained the largest destination for U.S. LNG exports in December. (FOCKE STRANGMANN/AFP via Getty Images/Getty Images)

Europe remained LSEG data showed that Europe received 68% of US LNG exports in December, after which Europe received 5.43 tonnes, or just over 61%, in December. Analysts at Rystad Energy noted that Europe's gas storage capacity was around 97% full at the beginning of December, with the month-on-month decline due to warmer-than-normal temperatures in Europe and rising storage levels. He said that it reflects the

Export to Asia It became the second-largest market for U.S. LNG in December, receiving 2.29 million tons or 26.6% of exports, up from 18.5% in November.

US LNG export destinations latin america The amount was 500,000 tonnes, or just under 6% of total exports, according to LSEG ship tracking data.

CLICK HERE TO GET FOX BUSINESS ON THE GO

Natural gas flows to the seven largest U.S. LNG export plants increased by an average of 14.9 billion cubic feet per day (bcfd) so far in January, up from a monthly record of 14.7 bcfd in December. That was higher than November's monthly high of 4.3 bcfd, according to LSEG data.

Reuters contributed to this report.

Facebook
Twitter
LinkedIn
Reddit
Telegram
WhatsApp

Related News