LSEG: US liquefied natural gas exports hit a record last year
Exports of liquefied natural gas (LNG) from the United States rose by nearly 15 percent last year to a record 88.9 million tonnes, according to data from the London Stock Exchange Group (LSEG). Analysts say the increase made the United States the world's largest LNG exporter last year, overtaking Qatar and Australia, Reuters reported.
US LNG exports also reached a record level in December alone. Europe remained the largest export market, accounting for more than 60 percent of total US LNG exports in December. However, its share fell slightly compared with November, which analysts at consultancy Rystad Energy attributed to relatively warm weather in Europe.
Europe significantly increased its total LNG imports last year, Reuters reported. This offset a sharp drop in imports of Russian gas via pipelines following the Russian invasion of Ukraine.
In August the year before last, wholesale gas prices on the European market climbed to nearly 350 euros (roughly CZK 8,600) per megawatt-hour (MWh) as Russian supplies were curtailed. They have since fallen significantly. Today, the price of the key month-ahead gas futures contract at the Title Transfer Facility (TTF) virtual trading hub in the Netherlands closed at nearly 30 euros (roughly CZK 740) per MWh.
Translation disclaimer
This article is a machine translation of the Czech original and has not yet been fully reviewed. In case of any doubt, please refer to the Czech version.
