US led the world in liquefied natural gas (LNG) exports in 2023

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The U.S. led the world in exports of liquefied natural gas (LNG) in 2023, which hit monthly and annual records in December, according to tanker tracking data.

Analysts said the records set in December position the U.S. to surpass Qatar and Australia as the largest exporter of LNG in 2023. Qatar was the largest LNG exporter in 2022, followed by Australia, according to U.S. government data.

Alex Munton, director of global gas and LNG research at consulting firm Rapidan Energy Group, told Reuters that the U.S. drove most of the world’s growth in LNG production in 2023, with about 8.6 million metric tons (MT) being shipped from U.S. terminals in December alone.

«U.S. record production was driven by two factors: the return of Freeport LNG to full service, which added 6 MT and the full-year output of Venture Global LNG’s Calcasieu Pass facility that added 3 MT more than in 2022,» Munton said.

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The U.S. led the world in LNG exports in 2023 after surpassing Qatar and Australia, according to tanker tracking and government data. (Lindsey Janies/Bloomberg via Getty Images / Getty Images)

Full-year U.S. exports rose by 14.7% to 88.9 million metric tons (MT), largely driven by the Freeport LNG facility returning to full production after it experienced a fire in 2022 and had to undergo repairs, as well as increased processing efficiency at other facilities, LSEG data showed.

For comparison, 2022 data from the financial information provider showed the U.S. exported 77.5 million metric tons of LNG in 2022.

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