LNG Tanker Congestion Forms Outside US Export Terminals

As many as 28 ships were near U.S. Gulf Coast ports as the U.S. approached its full LNG export capacity.

Marcy de Luna, Reuters

More than two dozen LNG tankers were near U.S. Gulf Coast export terminals on Feb. 28, either loading or waiting to load, according to data from Refinitiv Eikon and consultancy Kpler.

European demand for U.S. LNG climbed last year due to local production declines, lack of pipeline supply and cold weather. Sanctions on companies and banks in major gas producer Russia following its invasion of Ukraine appear to be spurring fresh demand.

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