• Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion
Wednesday, 22 March, 2023
  • Login
topfmonline.com
 
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Education
  • Technology
  • Foreign
No Result
View All Result
topfmonline.com
No Result
View All Result
Home Foreign

US becomes world’s top LNG exporter for first time ever

TOPFM NEWS by TOPFM NEWS
January 5, 2022
in Foreign
A A
0
US becomes world’s top LNG exporter for first time ever
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter

The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe.

Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities, according to ship-tracking data compiled by Bloomberg. Cheniere Energy Inc. said last month that a new production unit at its Sabine Pass plant in Louisiana produced its first cargo.

Graphic showing ship tracking data for LNG exports from the US, Australia and Qatar

A shale gas revolution, coupled with billions of dollars of investments in liquefaction facilities, transformed the U.S. from a net LNG importer to a top exporter in less than a decade. Gas production has surged by roughly 70% from 2010 and the nation is expected to have the world’s largest export capacity by the end of 2022 once Venture Global LNG’s Calcasieu Pass terminal comes online.

But the U.S.’s position as top LNG shipper may be short-lived. Exports were just a hair above those from Qatar and Australia, and any production issues could affect the rankings. Looking further out, Qatar is planning a gargantuan export project that will come online in the late 2020s, which could cement the middle eastern nation as the top supplier of the fuel.

“Qatar and the U.S. will be vying for being the largest LNG producers in the world over the next decade,” said Muqsit Ashraf, senior managing director of Accenture’s global energy practice.

In the meantime, the jump in U.S. LNG exports will help ease a global supply crunch. Europe is facing a winter energy crisis as utilities grapple with seasonally low natural gas inventories. Overseas buyers purchased 13% of U.S. gas production in December, a seven-fold increase from five years earlier when most of the infrastructure required to ship the fuel out of the country didn’t yet exist.

U.S. LNG export terminals sent out a record 1,043 cargoes in 2021, with Asian nations making up nearly half of the destinations and Europe making up one-third, ship tracking data compiled by Bloomberg shows.

Related Posts

Former Pope Benedict XVI dies at 95

Former Pope Benedict XVI dies at 95

December 31, 2022
2
China to end Covid quarantine for foreign arrivals

China to end Covid quarantine for foreign arrivals

December 26, 2022
0
Source: Stephen Stapczynski and Sergio Chapa
Via: Bloomberg
Tags: LNG exporter
Previous Post

8 Ways Women’s Bodies Change After 40 & What To Do About It

Next Post

US tops one million new daily COVID-19 cases

Related Posts

Former Pope Benedict XVI dies at 95
Foreign

Former Pope Benedict XVI dies at 95

December 31, 2022
2
China to end Covid quarantine for foreign arrivals
Foreign

China to end Covid quarantine for foreign arrivals

December 26, 2022
0
Pope Francis calls for end to ‘senseless’ war in Ukraine
Foreign

Pope Francis calls for end to ‘senseless’ war in Ukraine

December 26, 2022
2
Ukraine war: Drone attack on Russian bomber base leaves three dead
Foreign

Ukraine war: Drone attack on Russian bomber base leaves three dead

December 26, 2022
0
Winter storm leaves at least 37 dead nationwide as residents in western New York remain trapped under feet of snow
Foreign

Winter storm leaves at least 37 dead nationwide as residents in western New York remain trapped under feet of snow

December 26, 2022
1
King’s Christmas message to pay tribute to Queen’s legacy
Foreign

King’s Christmas message to pay tribute to Queen’s legacy

December 25, 2022
1
Next Post
US tops one million new daily COVID-19 cases

US tops one million new daily COVID-19 cases

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

BROWSE BY CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

BROWSE BY TOPICS

2022 Budget Afghanistan akufo addo Amazon Apiate explosion Appiate apple AT&T Bawku Black Stars covid COVID-19 COVID 19 E-Levy election facebook Ghana Police Service Google Government health Intel iphone Mahama Microsoft Minority momo NDC news NPP Nvidia OMICRON Parliament police Russia security South Africa Taliban tech Tesla US UTAG vaccine vaccines Verizon Xinjiang

Recent Posts

  • Ex-Gender Minister Nana Oye files forms to lead NDC in Adentan
  • Refund fraudulent salaries or face the law – Fair Wages warns ahead of nationwide payroll monitoring exercise
  • NDC primaries: We’ll provide a level-playing field for contestants – Fifi Kwetey
  • Let’s avoid economic mistakes of the past – Prof. Adei advises
  • Black Stars arrive in Kumasi for Angola clash

Recent Comments

No comments to show.

RECENT NEWS

  • Ex-Gender Minister Nana Oye files forms to lead NDC in Adentan March 22, 2023
  • Refund fraudulent salaries or face the law – Fair Wages warns ahead of nationwide payroll monitoring exercise March 22, 2023
  • NDC primaries: We’ll provide a level-playing field for contestants – Fifi Kwetey March 22, 2023
  • Let’s avoid economic mistakes of the past – Prof. Adei advises March 22, 2023

MAIN CATEGORIES

  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sports
  • Technology
  • Uncategorized

Entertainment

Zipline unveils new autonomous system capable of quiet, fast and precise home delivery
Health

Zipline unveils new autonomous system capable of quiet, fast and precise home delivery

6 days ago
0
  • ABOUT US
  • CONTACT
  • ADVERTISE

© 2023 Top Media Group - Powered by BackUp Data Systems

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Health
  • Entertainment
  • Sports
  • Lifestyle
  • Education
  • Opinion

© 2023 Top Media Group - Powered by BackUp Data Systems

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In