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Weekly Natural Gas EIA Storage Report - 5th March

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Miguel A. Rodriguez
Miguel A. Rodriguez
05 March 2021
Here are the latest details from the U.S. Energy Information Administration regarding natural gas inventories.

U.S. exports of liquefied natural gas kept growing in 2020, averaging close to 6.6 bcfd on an annual basis and increasing by 1.6 bcfd (or 32%) year-on-year. 

Since October, exports of U.S. LNG started to increase, even with brief interruptions caused by Hurricanes Laura & Delta. November & December saw an all-time high for LNG exports as cold weather & unexpected outages reduced the global supply. Capacity increased for U.S. LNG exports as new volume was added in 2020.

Asia stood up as the leading destination for U.S. exports, while Europe also increased its U.S. imports, averaging at 2.5 Bcfd, compared to 2019. 

U.S. LNG exports to several countries in the Americas and the Middle East also declined by a combined 0.5 Bcfd in 2020 compared to 2019.

 

 

 

Sources: eia.gov

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.