EIA sees flat US LNG exports in 2022

The Energy Information Administration forecasts US LNG exports in 2022 to remain flat as it expects limited new liquefaction capacity to come online during the period.

EIA said in its latest Short-Term Energy Outlook it expects LNG exports to average 9.2 Bcf/d in both 2021 and 2022, up from 6.5 Bcf/d in 2020.

“Flat LNG exports in 2022 reflect our expectation that limited new export capacity will come online during the forecast period,” the agency said.

US LNG exports set an all-time record in March 2021 at 10.5 Bcf/d and averaged 9.2 Bcf/d in April – the most exported LNG for those months since the US began exporting it in 2016, according to EIA.

Throughout 2020 and in January 2021, more than half of US LNG exports went to Asia.

However, in February and March 2021, more than half of US LNG exports landed in Europe as a result of spot natural gas prices in Europe reaching levels similar to spot natural gas prices in Asia, EIA said.

For May, the agency forecasts a decline in US LNG exports to 8.6 Bcf/d, more than 90% of baseload export capacity utilization, before exports rise above 9.0 Bcf/d in the summer months to meet summer peak demand in Europe and Asia.

The US currently exports LNG via six large terminals, namely Cheniere’s Sabine Pass and Corpus Christi facilities, Sempra’s Cameron LNG, Freeport LNG, Dominion’s Cove Point, and Kinder Morgan’s Elba Island.

Venture Global’s Calcasieu Pass terminal could also start producing LNG by the end of this year.

- Advertisements -

Most Popular

Cedar LNG FID pushed back

Canada’s Pembina Pipeline and the Haisla Nation have again postponed a final investment decision on their Cedar floating LNG...

Hyundai Samho to build LNG carrier quartet for $1.08 billion

South Korea's Hyundai Samho has secured an order to build four liquefied natural gas (LNG) carriers for about $1.08...

Eni to ship Congo’s first LNG cargo

Italy’s Eni will soon ship the first liquefied natural gas cargo from its Tango floating LNG facility moored in...

More News Like This

US weekly LNG exports reach 26 cargoes

US liquefaction plants shipped 26 liquefied natural gas (LNG) cargoes in the week ending February 21, while natural gas...

US weekly LNG exports climb to 26 shipments

US liquefied natural gas (LNG) exports rose in the week ending February 14 compared to the week before, according...

US weekly LNG exports reach 24 shipments

US liquefaction plants shipped 24 liquefied natural gas (LNG) cargoes in the week ending February 7, while natural gas...

Europe continues to be main destination for US LNG shipments

France was the top destination for US liquefied natural gas (LNG) supplies for the second straight month in November...