Commodities
Record US LNG Exports May Give Relief to Buyers in Europe, Asia
- Venture Global’s new Plaquemines project has ramped up output
- Pipeline flows to liquefaction plants at all-time high Tuesday
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US liquefied natural gas exports have extended a record-breaking run as new projects increased production, a trend that could help to ease high prices in Europe and Asia.
Pipeline gas flows to LNG export plants climbed to 15.7 billion cubic feet on Tuesday, according to data from BloombergNEF. That’s an all-time high and almost 20% more than a year ago.