According to the U.S. Energy Information Administration, North America’s LNG export capacity is expected to expand to 24.3 billion ft3/d from 11.4 billion ft3/d today.
The U.S. Energy Information Administration has reported that the US exported more LNG than any other country in 1H23.
The U.S. Energy Information Administration estimates that global LNG import capacity is set to expand by 16% by the end of 2024 compared with 2022.
The U.S. Energy Information Administration has reported that US natural gas demand (domestic consumption plus gross exports) increased 43% from 2012 to 2022.
The U.S. Energy Information Administration's Annual Energy Outlook 2023 projects US natural gas production to increase 15% and LNG exports to increase 152% between 2022 and 2050.
The EIA’s most recent annual data for 2021 shows that the net disposition of natural gas in the US increased by 3.6% in 2021 compared with 2020 as a result of growth in LNG exports.
During the first four months of 2022, the US exported 74% of its LNG to Europe, compared with an annual average of 34% last year, according to EIA.
The Federal Energy Regulatory Commission (FERC) has approved three projects intended to increase US natural gas exports via pipeline and as LNG.
According to the US Energy Information Administration, the increase in Henry Hub prices over recent months is due to below-average storage levels heading into the winter heating season and strong demand for US LNG.
The U.S. Energy Information Administration’s August 2021 Short-Term Energy Outlook estimates that LNG exports will overtake pipeline exports by 0.6 billion ft3/d this year.