US LNG exports jump 42% year-on-year in the first half of 2021 | latest news

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She said US Energy Information Administration In a report on Tuesday, July 27, US exports of LNG accelerated in the first half of 2021, with a colder wave driving up current selling prices for LNG in Asia and Europe.

The government agency added that exports averaged 9.6 billion cubic feet per day in the first six months of this year, an increase of 42 percent over the same period last year.

The Energy Information Administration said exports also increased due to the addition of new export capacity in 2020.

US natural gas futures jumped to a 31-month peak earlier this week at $4.102 per million British thermal units, while European and Asian gas contracts are trading above $12 and $14, respectively.

The Energy Information Administration has forecast that US exports of liquefied natural gas will rise to 9.56 billion cubic feet per day in 2021 and to 10.15 billion cubic feet per day in 2022, from a record level of 6.53 billion cubic feet per day in 2020.





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