US LNG eases European storage crisis
The US is set to play an even larger role in the global gas market this year, with the country gearing up to overtake Australia as the world’s largest LNG exporter
Record volumes of US LNG will reach gas-starved Europe in January, thanks to rising liquefaction capacity and flexible destination clauses. This will help alleviate the market tightness caused by cold weather, below-average storage volumes and lower-than-usual Russian pipeline imports. But uncertainty persists over whether US LNG will continue to head towards Europe this summer, and how much impact it could have on the region’s restocking efforts. Set for 2022 top spot The US exported 18pc of the world’s 383mn t of LNG last year, making it the third-largest producer after Australia and Qatar. An annual record of 70.4mn t was exported from the country’s six liquefaction terminals in 2021, acc

Also in this section
14 March 2025
Gas production slumped to an eight-year low in 2024, but new discoveries and partnership with Cyprus paint a more positive outlook
13 March 2025
Gas will become a more important part of the energy mix longer-term, raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio