Weekly Natural Gas EIA Storage Report - 5th March

By: Miguel A. Rodriguez

13:02, 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

Share this article

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.