U.S. LNG Exports Set For Another Record High This Year

“U.S. exports of liquefied natural gas (LNG) are set to surge this year from the already record levels in 2020 as demand in Asia and Europe is high, even in the off-peak season.   All-time high LNG exports from America, coupled with rising domestic natural gas consumption outside of the power sector, are set to keep the U.S. benchmark, the Henry Hub spot price, averaging above $3 per million British thermal units (MMBtu) this year. This would be more than $1/MMBtu above last year’s average price of just $2.03/MMBtu, the Energy Information Administration said in its June Short-Term Energy Outlook (STEO) this week.”

Source: U.S. LNG Exports Set For Another Record High This Year