Scott Disavino reports for Reuters that the U.S. is expected to regain the crown as the world’s top LNG exporter.
- The U.S. was poised to be the top liquified natural gas exporter in 2022, but a fire at Freeport LNG, the nation’s second-largest export facility, led to Australia taking the number one spot.
- The majority of American exports have gone to Europe, who is stockpiling supplies after Russia’s invasion of Ukraine.
- America gaining the top spot is good news for the climate, as U.S.-produced natural gas is 50% cleaner than Russian LNG.
“However, the loss of Freeport LNG’s supply at mid-year took away the U.S. chance to take the crown as top exporter in 2022. Freeport LNG said it expects to resume processing in the second half of January, pending regulatory approvals, which would tip the production balance back toward the United States.”
Read the full article here.