US LNG: The next wave?
Seth Haskell, research analyst, Global Energy Infrastructure The European energy crisis in 2022 reshaped global LNG flows, with higher prices drawing cargoes from around the globe to the now gas-starved continent. US LNG has played a particularly important role in filling the gap. In 2021, 34% of US LNG exports went to Europe. In 2022, nearly 70% did, meeting 15% of total European gas demand. The past two years have seen many LNG projects advance as US companies rush to take advantage of European demand. Since the beginning of 2022, five projects in the US representing 66mt/yr of capacity have taken FID. In combination with the Golden Pass LNG project, which has been under construction
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