EIA Predicts Record High U.S. LNG Exports in 2021/22

The U.S. Energy Information Administration (EIA) is forecasting that U.S. natural gas exports will exceed natural gas imports by an average of 11.0 billion cubic feet per day (Bcf/d) in 2021, or almost 50% more than the 2020 average of 7.5 Bcf/d. Increases in liquefied natural gas (LNG) exports and increases in pipeline exports to Mexico are driving the growth in U.S. natural gas exports. EIA also says U.S. natural gas exports will continue to grow throughout 2021 and 2022, exceeding the record of 14.4 Bcf/d set in 2020. This spells opportunity for M-U drillers.

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