Weekly Natural Gas EIA Storage Report - 5th March

Weekly Natural Gas EIA Storage Report - 5th March

Here are the latest details from the U.S. Energy Information Administration regarding natural gas inventories.

U.S. exports of liquefied natural gas kept growing in 2020, averaging close to 6.6 bcfd on an annual basis and increasing by 1.6 bcfd (or 32%) year-on-year.

Since October, exports of U.S. LNG started to increase, even with brief interruptions caused by Hurricanes Laura & Delta. November & December saw an all-time high for LNG exports as cold weather & unexpected outages reduced the global supply. Capacity increased for U.S. LNG exports as new volume was added in 2020.

Asia stood up as the leading destination for U.S. exports, while Europe also increased its U.S. imports, averaging at 2.5 Bcfd, compared to 2019.

U.S. LNG exports to several countries in the Americas and the Middle East also declined by a combined 0.5 Bcfd in 2020 compared to 2019.

Sources: eia.gov

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