EIA Says U.S. LNG Exports Fall by Half in 2020, Recovery Late 2021
As we have been saying for some time, LNG exports from the U.S. are low and staying low for at least a few more months (see May NatGas Deliveries to US LNG Plants Lowest Since Last October). The U.S. Energy Information Administration (EIA), our favorite government agency, published a post yesterday detailing just how low. So far this year LNG exports from the U.S. have declined by half from previous levels. Looking at one of the charts where EIA forecasts future LNG exports, it looks like it will be third or fourth-quarter 2021 before we hit the same level of exports we had in 1Q20.
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