Industry Metrics

U.S. exports of LNG set a new record in December 2020, averaging 9.8 Bft3d, according to the U.S. EIA. The December volume is more than three times higher than the reduced export levels seen in summer 2020. Contributing to the higher exports were factors such as higher demand in key Asian markets on colder-than-normal winter temperatures and unplanned outages at LNG export terminals in Australia, Qatar, Malaysia, Norway, Nigeria and Trinidad and Tobago. The reduction of LNG supplies led to upticks in natural gas and LNG prices in Asia and Europe, attracting higher volumes of flexible LNG supplies from the U.S. GP U.S. gas production (Bft3d) and prices ($/Mcf)