Many analysts are reaching the same conclusion: the US has already become the world’s largest exporter of liquefied natural gas.
Running news: “LNG exports from the United States were up 7 million tonnes (7.7 million tonnes) in December, narrowly excluding rival producers Qatar and Australia for the first time, according to ship-tracking data from ICIS LNG Edge,” CNN report,
- Bloomberg is tracking came to the same conclusion Regarding December output “as deliveries increased to energy-hungry Europe.”
- Overall, Asia has been top destination Industry for US LNG Exports Since started taking off in the middle of 2010.
What will happen next: a new report Consultancy to IHS Markit says that in 2022 the US will be the largest LNG exporter on a full-year basis.
- “This is a story of two markets in which China continues to grow in demand as the world’s top importer and the United States is poised to become the world’s leading exporter,” IHS’s Michael Stoppard said in a statement accompanying the data.
Hurry up: It is unlikely the Biden administration will take steps to curtail US exports, given the commercial and geo-strategic benefits of the boom, despite a push from some environmentalists.