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U.S. LNG imports reached 15-year lows first-half 2022, displaced by natural gas production

From eia.gov

In the first six months of 2022, U.S. liquefied natural gas (LNG) imports were the lowest in at least 15 years, averaging 0.08 billion cubic feet per day (Bcf/d), compared with the five-year (2017–21) average of 0.2 Bcf/d for the same period. LNG imports usually peak in the winter months (October–March), and most natural gas imported into the United States comes by pipeline from Canada. LNG imports peaked in April 2007 at 26% of total natural gas imports (3.3 Bcf/d). LNG imports declined rapidly between 2007 and 2021, displaced by U.S. dry natural gas production, which grew by nearly 80% during that period. Last ... (full story)

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  • Category: Fundamental Analysis