US LNG exports crash by more than 50%

US liquefied natural

US liquefied natural gas exports have crashed by more than 50 percent since January as the US becomes the swing supplier for markets.

Historically low natural gas prices from Asia to Europe and lower demand in the pandemic have resulted in US exports of liquefied natural gas (LNG) dropping from 8.1 billion cubic feet per day (Bcf/d) in January to an expected export volume of just 3.2 Bcf/d in July, the US Energy Information Administration (EIA) said on Tuesday.

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