Headlines
European demand for gas raises US LNG exports in 2022.
The U.S. Energy Information Administration (EIA), cited data by market intelligence firm Cedigaz, reported a strong increase in U.S. LNG exports.
Since the end of last year, EU countries and Britain have increased LNG imports to compensate for lower imports from Russia and to fill historically low natural gas storage inventories.
Similar to 2021, the U.S. sent the most LNG to the EU and UK during the first half of the year, providing 47 percent of Europe’s total LNG imports.
The EU and UK also remained the U.S.’s largest customers for LNG.
“Utilization of the peak capacity at the seven U.S. LNG export facilities averaged 87 percent during the first half of 2022, mainly before the Freeport LNG outage, which is similar to the utilization on average during 2021,” said EIA.
According to EIA, installed U.S. LNG export capacity has expanded by 1.9 Bcf/d or nearly 10 percent since November 2021.
U.S. facilities however nearing their capacity limits in the near term while several investment projects look to expand capacity in the mid-term. While the temporary suspension of exports from the Freeport LNG facility has done little to impede the overall exports, the industry looks forward to its return to increase the supply before the onset of the coldest months in the U.S. and Europe.
Currently, 14 countries in Europe have LNG import facilities although the utilization of the facilities varies by region with the northern and southern parts of the European natural gas pipeline grid not fully integrated.
Headlines
May Day: Mobereola salutes maritime workers for passion, dedication to building virile industry
Gloria Odion, Maritime reporter
“Thank you for your dedication and invaluable contributions”.
He emphasized that as a regulator, the Agency remains committed to its oversight function of regulating maritime labour activities in the industry in line with extant instruments and the expectations of the theme of the 2026 Workers’ Day, which focuses on safety, dignity and productivity.
Customs
Kaila, Seme Customs CAC, seeks collaboration with stakeholders to achieve seemless trade along border corridor
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