The US exported more natural gas in the first half of 2023 (1H23) than it did in the same period of any previous year. Natural gas exports averaged 20.4 billion ft3/d, 4% (0.8 billion ft3/d) more than in 1H22, according to the US Energy Information Administration (EIA)’s ‘Natural Gas Monthly’.
LNG exports largely drove the continued growth in total natural gas exports, although natural gas exports by pipeline also increased. The US began exporting LNG from the Lower 48 states in 2016 when Sabine Pass LNG — the first LNG export terminal in the Lower 48 states — came online.
The US became a net natural gas exporter (natural gas exports exceeded natural gas imports) in 2017 for the first time since 1957. In May 2023, US net natural gas exports as LNG and by pipeline averaged a monthly record of 13.6 billion ft3/d.
Diversified Energy Company plc (LON:DEC), formerly Diversified Gas & Oil plc, is a gas and oil production company operating in the Appalachian Basin in the United States.
