“Demand for U.S. natural gas to produce liquefied natural gas (LNG) for export fell this year for the first time since the country began exporting the refrigerated fuel from the lower 48 states eight years ago.”, — write: epravda.com.ua
Demand for U.S. natural gas to produce liquefied natural gas (LNG) for export fell this year for the first time since the country began exporting the refrigerated fuel from the lower 48 states eight years ago. Reuters writes about it. Drilling companies benefited from strong demand from LNG export plants, especially after sanctions on Russian gas boosted demand for US LNG in Europe. Producers have indexed some output to global LNG prices, so the slowdown in gas flows to export plants means they have less incentive to increase output. The annual drop in demand is forecast even as the first new export facility since 2022, the 2.6 bcm/d Venture Global LNG Plaquemines plant in Louisiana, began producing LNG within the last week.Advertisement: But the industry expects this year’s the drop will be short-lived, as U.S. LNG capacity will more than double over the next four years. The new plants being put into operation should increase the capacity from 13.8 billion cubic meters. feet per day now up to 17.8 billion cubic meters. feet per day next year, 20.3 billion cubic meters. feet per day in 2026, 22.0 bcm. feet per day in 2027 and 24.2 bcm. feet per day in 2028. We will remind: Advertisement: Donald Trump called on the EU to reduce the trade deficit with the US by purchasing oil and gas, or he will introduce tariffs.