U.S. Is Top Exporter of Liquified Natural Gas in First Half of 2023

The U.S. exported more natural gas in the first six months of 2023 than in any other previous six-month period, the U.S. Energy Information Agency reported. 

U.S. companies averaged 12.5 billion cubic feet per day (Bcf/d) in the first six months of this year, an 11% increase from their average over the same period last year. This is after in May of this year, the U.S.’s “net natural gas exports as liquefied natural gas (LNG) and by pipeline averaged a monthly record high of 13.6 Bcf/d.” 

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Russia Cuts Off Key Gas Pipeline to Europe Amid Rising Tensions

The flow of natural gas through a key Russian-controlled pipeline suddenly stopped Wednesday as tensions continue to increase between Russia and the West.

The Yamal-Europe pipeline’s liquified natural gas (LNG) flows, which are operated by Russian state-run firm Gazprom and have usually been pumped westward from Russia to Germany through Poland, were halted early Wednesday, European data showed, according to Reuters. The sudden stoppage reportedly represented a setback after leaders expected the pipeline to return to its normal flow pattern.

In December 2021, Gazprom slowed the pipeline’s gas flows, which represent 10% of the region’s supply, and the company reversed the flow direction from westward to eastward. The sudden reversal sent natural gas prices, which had already spiked amid a European energy crisis, even higher.

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