U.S. exports of liquefied natural gas (LNG) continued to grow in 2020, averaging 6.6 billion cubic feet per day (Bcf/d) on an annual basis, according to the U.S. Energy Information Administration’s Natural Gas Monthly. LNG exports increased 1.6 Bcf/d, or 32%, compared with 2019 levels. U.S. LNG exports were relatively high from January through May. In the summer months, they declined to record lows following dropping international natural gas and LNG prices. By October, U.S. LNG exports started to increase again, despite brief interruptions caused by Hurricanes Laura and Delta. In November and December 2020, U.S. LNG exports reached all-time highs. U.S. LNG was exported to 37 countries, a record number, and Asia overtook Europe to become the main export destination in 2020. Read more Asia became the main export destination for growing U.S. LNG exports in 2020
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Source: CTRM Center