`;
document.write(write_html);
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 |
Louisiana Light • 4 days | 76.04 | +1.30 | +1.74% | ||
|
Bonny Light • 139 days | 78.62 | -2.30 | -2.84% | ||
|
Opec Basket • 4 days | 74.93 | +0.34 | +0.46% | ||
|
Mars US • 430 days | 73.93 | -1.23 | -1.64% | ||
|
Gasoline • 11 mins | 2.063 | +0.009 | +0.44% |
|
Bonny Light • 139 days | 78.62 | -2.30 | -2.84% | ||
|
Girassol • 139 days | 79.56 | -1.80 | -2.21% | ||
|
Opec Basket • 4 days | 74.93 | +0.34 | +0.46% |
|
Peace Sour • 5 hours | 67.71 | +0.83 | +1.24% | ||
|
Light Sour Blend • 5 hours | 68.71 | +0.83 | +1.22% | ||
|
Syncrude Sweet Premium • 5 hours | 71.86 | +0.83 | +1.17% | ||
|
Central Alberta • 5 hours | 67.96 | +0.83 | +1.24% |
|
Eagle Ford • 6 days | 68.20 | +1.12 | +1.67% | ||
|
Oklahoma Sweet • 4 days | 69.50 | +1.00 | +1.46% | ||
|
Kansas Common • 6 days | 58.55 | +1.12 | +1.95% | ||
|
Buena Vista • 1 min | 78.64 | +0.73 | +0.94% |
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U.S. LNG Exports Surged at the End of 2024
Exports of liquefied natural gas from the United States surged to a new high of 8.5 million metric tons in December, pushing the annual total up by 4.5% from 2023, data from LSEG has shown, as reported by Reuters.
The December total, per the data, was only a little lower than the all-time high of 8.6 million metric tons, recorded in December 2023. It was also considerably higher than the November 2024 total, which stood at 7.75 million tons.
Of that total, 5.84 million tons, or 69% went to Europe, the data also showed. This was up from 5.09 million tons in November. Europe is thirstier for gas this winter than last because the weather is more typical for the season and it is depleting its natural gas reserves faster.
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The 2024 total reached 88.3 million tons, which was up from 84.5 million tons a year earlier and cemented the United States’ position as the biggest LNG exporter globally. This position will be further reinforced this year as developers continue to build out export capacity.
Of this total, 55% went to Europe and 34% went to Asia, the LSEG data showed. The remainder was exported to Latin America.
The December figure was driven by two new export terminals beginning operation, namely Cheniere Energy’s Stage 3 expansion at its Corpus Christi facility and Venture Global’s Plaquemines LNG plant. The two would add a total of 30 million tons to the U.S. total LNG export capacity once they reach full capacity.
“Growth in U.S. exports from new capacity coming online particularly at Plaquemines given its large scale will be crucial to tempering some of the global LNG price volatility we expect in 2025,” Rapidan Energy Group head of global gas and LNG research, Alex Munton, told Reuters.
This growth in LNG capacity drove a surge in natural gas demand in the U.S., which is set to continue, prompting gas producers to respond by ramping up production.
By Irina Slav for Oilprice.com
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Irina Slav
Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.
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