U.S. LNG Exports Now 10% of Global Market
Posted on Sep 4, 2019 in LNG Exports, Markets and Competition | Comments Off on U.S. LNG Exports Now 10% of Global Market
Reuters reports that U.S. exports of LNG now amount to 10% of the global market and, at 22 million tonnes so far this year, are equal to the total volumes exported in 2018. The report states that for the past two months the world’s largest exporters are Australia, Qatar, the United States, Russia and Malaysia. Further, the “U.S. supply surge has depressed global LNG prices, and with it, European benchmark gas prices, closing the arbitrage for cargoes between the Atlantic and Pacific basins.”