US sees steep rise in LNG exports to Europe

USA

WASHINGTON, D.C., June 8, 2022 – The US raised its export of LNG to the EU and the UK by 40% in Q1 2022 on a year-by-year basis, the US Energy Information Bureau announced on Tuesday.

In Q1 2022, LNG exports from the US averaged 206.7 mcm (7.3 bcf) per day to Europe, making up 49% of total imports from the country to the continent.

The US became the top LNG supplier to the EU and the UK in 2021, making up 26% of total imports.

The EU and the UK have been importing record-high levels of LNG since December 2021 due to sanctions imposed on imports from Russia due to the conflict in the Ukraine.

The increase is also due to the US’ increased capacity from the sixth train at the Sabine Pass LNG facility and the new Calcasieu Pass LNG project in Louisiana commissioned this year.

In the previous two years, Asia was the main destination for LNG from the US, accounting for almost 50% of exports.

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