American October LNG Exports Highest Since April

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American October LNG Exports Highest Since April
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October exports of U.S. liquefied natural gas LNG hit 7.92 million metric tons for the highest on record since April this year, when exports reached 8.01 million metric tons,Reutersreports,

October exports of U.S. liquefied natural gas LNG hit 7.92 million metric tons for the highest on record since April this year, when exports reached 8.01 million metric tons, Reuters reports, citing LSEG data. U.S. LNG exports were 7.12 million metric tons in September. For the first half of 2023, the U.S. ranked the largest LNG exporter in the world, followed by Qatar and Australia, with Europe accounting for 60% of U.S. LNG sales in October. In 2024, the U.S.

Europe, too, may let up on U.S. LNG volumes in the future, with LNG imports starting to flatten and gas consumption declining. The uptick in U.S. LNG exports over the past two quarters came as spot LNG prices in Asia fell 3% to around $17.3 per million British thermal units MMBtu on Tuesday. In mid-October prices had spiked. The front-month LNG price differential in Asia between December 2023 and January 2024 is now in a state of backwardation, with a discrepancy of $0.

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