US LNG Exports Rise 16%, to New Record

While U.S. LNG exports to Europe have ripped higher since November, analysts said more is needed with European gas inventories only about a quarter full, below the five-year average of about 34% for this time of year.

Marcy de Luna, Reuters

U.S. LNG exports rose nearly 16% last month to a record high, according to preliminary Refinitiv data, with shipments to Europe continuing to dominate.

U.S. LNG is in high demand as European countries try to cut gas imports from Russia following its invasion of Ukraine while also looking to rebuild low inventories.

U.S. LNG exports to all destinations were about 7.43 million tonnes (MT) last month, according to Refinitiv, up from 6.4 MT in February and topping the prior record of 7.25 MT in January.

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