U.S. has Become World’s Largest Exporter of LNG

Increased demand from Europe amid the war in Ukraine drove a rise in exports to an average of 11.2 billion cubic feet per day, a 12% jump compared to the second half of 2021.

FILE PHOTO: Natural gas flares off at a production facility owned by Exxon near Carlsbad, New Mexico, U.S. February 11, 2019. REUTERS/Nick Oxford/File Photo/File Photo
FILE PHOTO: Natural gas flares off at a production facility owned by Exxon near Carlsbad, New Mexico, U.S. February 11, 2019. REUTERS/Nick Oxford/File Photo/File Photo
(AgWeb)

Increased demand from Europe amid the war in Ukraine drove a rise in exports to an average of 11.2 billion cubic feet per day, a 12% jump compared to the second half of 2021. Roughly 71% of LNG exports were shipped to the European Union and Great Britain during the first five months of the year, according to the Energy Information Administration.

Shipments to Europe have surpassed what President Joe Biden promised.

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