HOUSTON, Texas: As the country increased gas exports to Europe amid the Ukraine crisis, the United States became the world’s top liquefied natural gas (LNG) exporter in the first half of 2022.
The Energy Information Administration said U.S. natural gas exports rose 12 percent to average 11.2 billion cubic feet per day during the first half of the year, compared with the second half of 2021.
As countries look to move away from generating power with coal, LNG exports have been growing dramatically over the last several years.
Some 71 percent of U.S. LNG exports went to the European Union and Britain during the first five months of this year, officials said.
Europe is struggling to stock enough gas into storage prior to winter, after Russia greatly reduced gas shipments via pipeline to the continent after the United States and allies placed sanctions on Moscow following its invasion of Ukraine.
Installed U.S. LNG export capacity has expanded by about 1.9 billion cubic feet per day since November 2021, including new trains at Cheniere Energy’s Sabine Pass, Venture Global’s Calcasieu Pass, and higher LNG production capacity at Sabine Pass and Corpus Christi facilities.
The EIA estimated that U.S. liquefaction capacity averaged 11.4 billion cubic feet per day, as of July.