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The U.S. Energy Information Administration has reported that the US exported 11.9 billion ft3/d of LNG in 2024, remaining the world’s largest LNG exporter.
North America’s LNG export capacity is on track to more than double between 2024 – 2028, from 11.4 billion ft3/d in 2023 to 24.4 billion ft3/d in 2028, if projects currently under construction begin operations as planned, says the U.S. Energy Information Administration.
The U.S. Energy Information Administration’s recently released Short-Term Energy Outlook forecasts that US LNG exports will continue to lead growth in US natural gas trade as three LNG export projects currently under construction start operations and ramp up to full production by the end of 2025.
Rystad energy reports that despite the growth in dual fuels, LNG remains supreme in terms of shipping fuel choices.
Oil and gas industry exhibits resilience as contract value sustains despite 22% drop in contract volume during 2023, reveals GlobalData.
The US was again the largest supplier of LNG to Europe (EU-27 and the UK) in 2023, accounting for nearly half of total LNG imports, according to data from CEDIGAZ.
More than 20 billion ft3/d of natural gas pipeline capacity is under construction, partly completed, or approved to deliver natural gas to five US LNG export terminals that are currently under construction, according to the U.S. Energy Information Administration’s Natural Gas Pipeline Project Tracker.
According to the U.S. Energy Information Administration, North America’s LNG export capacity is expected to expand to 24.3 billion ft3/d from 11.4 billion ft3/d today.
The U.S. Energy Information Administration has reported that the US exported more LNG than any other country in 1H23.
