Free Trial

US LNG Exports Soaring

LNG

The United States exported 7.29 million tonnes of LNG last month, second highest on record according to Refinitv Eikon. Sales have expanded to South America as well as Europe as they seek to diversify away from Russian gas.

  • Higher volumes have headed to the southern hemisphere as it moves into winter. In may, almost two thirds of total cargoes headed to Europe
  • The volume exported in May was up from 6.93 million tonnes in April, and 12% more than a year earlier - the record was 7.67 million tonnes in March.
  • LNG exports are getting a boost from additional capacity from Venture Global LNG Inc's new Calcasieu Pass terminal in Cameron Parish, Louisiana, and higher production at top U.S. exporter Cheniere Energy Inc.

To read the full story

Close

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.