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U.S. LNG exports continued to develop at a quicker tempo than pipeline deliveries into the nation from Canada, which as soon as dominated cross-border visitors in North America.
Liquefied pure fuel shipments rose 8.5% to 10.6 Bcf/d final 12 months, up from 9.7 Bcf/d in 2021, in keeping with the U.S. Division of Vitality.
The highest 4 LNG locations – France, the UK, Spain and the Netherlands – accounted for 41% of final 12 months’s shipments after Europe emerged because the main U.S. LNG purchaser following Russia’s invasion of Ukraine.
[Want today’s Henry Hub, Houston Ship Channel and Chicago Citygate prices? Check out NGI’s daily natural gas price snapshot now.]
Canada’s U.S. gross sales – nonetheless its solely fuel exports as LNG amenities are slowly developed in British Columbia – elevated by 7.4% 12 months/12 months to eight.5 Bcf/d in 2022.
The Canadian pipeline totals stay under document ranges that exceeded 10 Bcf/d in 2002 and 2007, earlier than horizontal drilling and hydraulic fracturing swelled U.S. fuel provides and helped give rise to LNG export tasks within the Decrease 48 states.
The common worth of home LNG exports delivered to 39 international locations was $11.79/MMBtu final 12 months, up by 61% from 2021. LNG had broadly various values on various abroad markets, ranging in 2022 from $8.54 in Pakistan to $19.27 in Germany.
U.S. pipeline exports to Canada grew barely, by simply 1.1% to 959.6 Bcf, or 2.6 Bcf/d in 2022. However the common worth of fuel exports to Canada jumped 68% to $6.37 final 12 months.
U.S. gross sales in Mexico dipped by 3.7% to 2 Tcf, or 5.7 Bcf/d in 2022. The common worth of fuel exports to Mexico elevated by 15.7% to $6.26.
General, U.S. pure fuel exports by pipelines and LNG tankers elevated by 3.5% to six.89 Tcf, or 18.9 Bcf/d in 2022.
The submit LNG Shipments Continued to Outpace Different U.S. Pure Gasoline Exports in 2022 appeared first on Pure Gasoline Intelligence
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