Houston, Jan. 3 (BNA): U.S. liquefied natural gas exports hit monthly and annual record highs in December, tanker tracking data showed, with analysts saying it positioned the United States to become the largest exporter of LNG in 2023.
The U.S. was the stand out in global LNG supply growth in 2023, said Alex Munton, director of global gas and LNG research at consulting firm Rapidan Energy Group of the rise to 8.6 million metric tons leaving U.S. terminals in December.
Qatar was the largest LNG exporter in 2022 and Australia the second-largest that year, U.S. government data showed, Reuters reported.
“U.S. record production was driven by two factors: the return of Freeport LNG to full service, which added 6 MT and the full-year output of Venture Global LNG’s Calcasieu Pass facility that added 3 MT more than in 2022,” Munton said.
Full year exports from the U.S. rose 14.7% to 88.9 million metric tons (MT) driven largely by the return to full production of the Freeport LNG plant that had suffered a fire in 2022, and as others increased processing efficiency, LSEG data showed.
Shipments compare to 77.5 million metric tons in 2022, the data from the financial information provider showed.
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