The United States is likely to become the world’s largest LNG exporter this year, according to the International Group of Liquefied Natural Gas Importers (GIIGNL).

LNG

The United States added 8.4 million tons (Mt) of new volumes to global supply last year, or nearly one-half the 16.9 Mt added by other LNG producers across the world, according to GIIGNL’s annual report. The country was the third largest LNG exporter in 2023 (75.4 Mt), behind Australia (78.5 Mt) and Qatar (79 Mt). Russia was the fourth largest exporter at 32 Mt.

U.S. LNG supplies grew by 12.6% year/year in 2022, driven by the ramp up of Train 6 at the Sabine Pass LNG terminal and the commissioning of the Calcasieu Pass plant, both in Louisiana. GIIGNL said the U.S. gains would have been stronger without prolonged...