September 29, 2023

The United States was the world leader in LNG exports in the first half of 2022, which includes new US export facilities that posted record shipments, according to the US Department of Energy’s (DOE) Energy Information Administration (EIA). mentionted.

Institute of Energy Economy and Financial Analysis He wrote regarding what the EPA said in a July 25 report:

The EIA estimated that U.S. natural gas liquefaction capacity averaged 11.4 Bcf/d in July, with peak capacity of 13.9 Bcf/d at the seven major LNG export facilities: Cheniere Energy Inc.’s Sabine Pass; in Louisiana, Berkshire Hathaway Inc. .-operates Cove Point in Maryland, Cheniere’s Corpus Christi Liquefaction in Texas, Sempra’s Cameron LNG in Louisiana, Kinder Morgan Inc.’s Elba Liquefaction. in Georgia, the Freeport LNG Development LP plant in Texas and Venture Global LNG’s Calcasieu Pass in Louisiana. the agency said.

The capacity estimates were in line with forecasts made by the EIA in December 2021. At the time, the agency said U.S. LNG exports at full capacity would surpass world leaders Australia and Qatar, which export 11.4 Bcf/d and 10 .3 Bcf/d, respectively. Global demand for LNG at the time of the forecast was already strong.

Most of the first half of 2022 shipments from the US went to Europe, where demand for LNG has increased due to supply security concerns following Russia’s invasion of Ukraine in late February. The crisis in Ukraine has exacerbated market dynamics that had seen natural gas supplies cut from mid-2021. Benchmark natural gas prices in Europe are several times higher than they were a year earlier.

The EIA report stated in part:

From the United States began exporting more natural gas than it imports on an annual basis in 2017, natural gas exports both by pipeline and as liquefied natural gas (LNG) have increased significantly. In ours Short-term energy prospects (STEO), we forecast that LNG exports will continue to lead US natural gas export growth and average 12.2 billion cubic feet per day (Bcf/d) in 2022. If realized, the United States will exceed Australia and Qatar and will become the world’s leading LNG exporter this year.

We expect annual US LNG exports to increase by 2.4 Bcf/d in 2022 and 0.5 Bcf/d in 2023. We forecast natural gas exports via pipelines to Mexico and Canada to increase slightly, by 0. 3 Bcf/d in 2022 and by 0.4 Bcf/d /d in 2023, mainly as a result of more exports to Mexico. The United States at present ranks second in the world in natural gas exports, behind Russia.

US LNG exports exceeded pipeline natural gas exports for the first time on an annual basis in 2021. Monthly LNG exports continued to be determined new records in 2021 and averaged 11.3 Bcf/d this winter, 2.2 Bcf/d more than last winter. In March 2022, US LNG exports hit a new high of 11.9 Bcf/d. US LNG export capacity increased in 2021 with the addition of Sabine Pass Train 6 and capacity expansions at the Sabine Pass and Corpus Christi LNG export terminals.

Seatrade Maritime News mentionted for the experts’ reaction to the news:

Growth in the US right now was among several topics covered in a very in-depth webinar presentation on LNG markets by Poten & Partners, which acts as a broker in the industry but also offers extensive analysis of supply, demand and overall LNG market dynamic,” Poten analyst Kristen Holmquist, explaining Poten’s long-term outlook (10 years to market) said the major growth areas will be in Europe, Northeast Asia – especially China and Southeast Asia .

Over the next decade, Poten sees most of the supply growth coming from the US and Qatar, with the two countries expected to account for around 100 mta of the 200 mta in supply growth between 2022 and 2032. From this supply from the US will increase by about 60 mta and Qatar by about 42 mta tonnes per year by 2032 with the US expected to overtake Qatar as the world’s largest LNG supplier.

“I think there could be some flexibility in that some US projects are not approved and more are done in Qatar, but overall that’s about 100 million tonnes of the 200 million tonnes of supply increase,” Holmquist said.

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