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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
LNG
US LNG exports could rise about 11% yr/yr to approximately 89m tons (11.75bcf/d) in 2023 according to Bloomberg analysis.
- The US is the main driver of global LNG supply growth this year due to the restoration of Freeport output early in the year and with a full year of Venture Global's Calcasieu Pass terminal.
- US LNG exports could increase another 8% in 2024 with a full year of operation at Freeport, the start in H2 2024 of Plaquemines Phase 1 and the first train at Golden Pass.
- The US exported more LNG than any other country in the first half of 2023, averaging 11.6bcf/d, 10% more than the average for all of 2022 according to EIA STEO. EIA shows 2024 growth at 13% with an earlier estimated start to Golden Pass and Plaquemines than suggest by Bloomberg. Exports are expected up to an average of 12.7 Bcf/d for the first nine months of 2024 and rising to 15.0bcf/d in Q4 2024 driven by Golden Pass and Plaquemines, and the start of Corpus Christi Stage 3.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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