US LNG export revenues to Europe continue to decline

by times news cr

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US data indicated a decline in US liquefied gas export revenues to the European Union last August, for the second month in a row.

Last August, European Union countries increased the purchase of liquefied natural gas from American companies by 18% compared to last July, but sales revenues, on the contrary, decreased by 5% to $753.6 million, the lowest level since November 2021, when the United States earned $691.6 million from Selling liquefied natural gas to the European Union.

The Netherlands remains a major supplier of American liquefied natural gas, and it buys a quarter of all supplies. At the same time, at the end of last summer, the Netherlands increased purchases by 18%, and the second and third places in the list of the three largest suppliers of American gas in Europe go back to Spain ($126.4 million). ) and Italy ($108.1 million).

In contrast to previous months, American revenues decreased in all regions that supply it with natural gas, and the largest decline was recorded in Africa, where gas exports decreased by 3.2 times to $51.2 million..

As for Asian consumers, they reduced imports of liquefied natural gas from the United States last August by 5% to $989 million. In Central and South America, sales decreased by 9% to $231.9 million, and supplies to consumers in North America remained low at $1.2 million..

Overall, US exports of liquefied natural gas decreased by 9% during the month to $2.14 billion.

Source: Agencies

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