All articles tagged with #lngexports
President Biden announces a temporary pause on pending decisions of Liquefied Natural Gas exports, except for national security emergencies, to assess their impacts on energy costs, energy security, and the environment. The administration aims to address the climate crisis and prioritize clean energy jobs while rejecting complacency and special interests.
In 2023, the United States became the world's leading exporter of liquefied natural gas (LNG), setting monthly and annual records in December. This surge was primarily due to the Freeport LNG facility's return to full service and the full-year output of Venture Global LNG’s Calcasieu Pass facility. U.S. exports increased by 14.7% to 88.9 million metric tons, overtaking Qatar and Australia. Europe was the largest recipient of U.S. LNG, followed by Asia and Latin America. The increase in exports aligns with higher natural gas flows to U.S. LNG export plants, indicating a robust growth in the country's LNG production and export capacity.
The United States has become the world's largest exporter of liquefied natural gas (LNG), surpassing Australia and Qatar, with exports reaching 91.2 million metric tons in the previous year. This surge is partly due to the EU's efforts to decrease dependence on Russian gas and the resumption of operations at the Freeport LNG facility in the U.S. after a temporary shutdown. With new facilities starting up, including Venture Global LNG's Plaquemines in Louisiana and ExxonMobil and QatarEnergy's Golden Pass in Texas, the U.S. is expected to further increase its LNG exports. The Netherlands, the UK, and France were the primary destinations for U.S. LNG in the first half of 2023, with Europe being the main market in December.