The US is set to maintain its position as the world's largest LNG exporter in 2024, despite a slight decline in feedgas volumes and slower growth compared to the previous year.
The annual average natural gas demand at U.S. LNG export plants is on track to inch down this year for the first decline since America began exporting LNG in 2016, according to data from LSEG cited by Reuters. Outages at some LNG facilities and delays to the construction of new plants are likely to slightly reduce feedgas to the eight large LNG export plants this year compared to 2023. Feedgas volumes have now eased to an average of 13.
9 million metric tons of LNG this year, a new record high, per ship-tracking data from Kplercitedby Reuters columnist Gavin Maguire. These volumes would be 0.8% higher than the exports from 2023, according to the data. Exports this year will grow, but at a much slower pace than in 2023, per Kpler's estimates. The U.S. is thus set to keep the number-one spot on the list of the world's largest LNG exporters. Last year, the U.S. shipped more LNG than any other country.
LNG Natural Gas Feedgas Export Capacity Energy Global Energy Market Energy Transition Fossil Fuels Climate Change
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Azeri Gas Flows Launch to Slovakia as Ukraine Gas Transit Set to ExpireOn December 1, Azerbaijan's state oil company, SOCAR, started supplying natural gas to Slovakia's Slovensk plynrensk priemysel SPP, the country's largest state-owned energy operator
Read more »
Russian Gas Flows to Europe Remain Stable Days Before Ukraine Transit Deal EndsRussian gas flows to Europe via Ukraine remain stable for now, but uncertainty persists as the current transit deal is set to expire at the end of the year.
Read more »
Gazprom Plans for End of Russian Gas Flows to Europe via UkraineGazprom's internal plan anticipates halting gas deliveries to Europe via Ukraine in 2025, raising concerns about winter energy shortages in Europe.
Read more »
Gazprom Hits Maximum Capacity of Pipeline Gas Flows to ChinaGazprom has achieved full capacity on the Power of Siberia pipeline, marking a significant step in Russia's pivot towards the Chinese gas market.
Read more »
U.S. LNG Exports to Europe Set to Surge as European Gas Prices SoarHigh natural gas prices in Europe are attracting U.S. LNG exports, offering relief to the continent facing a potential gas shortage this winter.
Read more »
Latest US Sanctions Will Not Hit Osaka Gas Purchases of Russian LNGUS sanctions on Gazprombank won't affect Japan's LNG purchases from Russia under their existing long-term contract.
Read more »