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    United States : US Department of Energy: Europe was the main buyer of US LNG in 2022


    March 24, 2023 - Al Bawaba Business

     

      Europe was the top buyer of US liquefied natural gas (LNG) in 2022, accounting for 64% of exports. This was reported by the Energy Information Administration (EIA) of the US Department of Energy.

      64% - 6.8 Bcfd of total exports. Four countriesFrance, the UK, Spain and the Netherlandsaccounted for a combined 74% (5 billion cubic feet per day).

      At the same time, in general, US LNG exports to Europe in 2022 jumped by 141%, or by 4 billion cubic feet per day, Prime reports .

      US LNG exports to Europe (the EU and the UK) rose both due to natural gas supply issues after Russian pipeline exports to the region fell to a 40-year low, and due to higher prices at European gas hubs across compared to other LNG markets.

      Total U.S. LPG exports are up 9% in 2022, averaging 10.6 Bcfd. Deliveries to Asia, especially to China, meanwhile decreased by 46%, and to Latin America - by 62%.

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