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The Rise of U.S. Natural Gas Exports

Since 2021, the U.S. has increased the volume of natural gas it has exported. In fact, according to the U.S. Energy Information Administration, liquefied natural gas (LNG) exports have increased by 14% since 2021 to over 7.8 billion cubic feet.

For this graphic, Visual Capitalist has partnered with Range ETFs to explore the growth of U.S. LNG exports and the driving forces behind them.

The Changing Face of U.S. Gas Exports

Energy security is one of the primary reasons the U.S. has increased its LNG exports. After Russia invaded Ukraine, the U.S. moved to replace natural gas streams in Europe that had been cut off by Russia and provide the region with greater energy security.

Consequently, the U.S. increased LNG exports to many European countries while decreasing exports to others. The table below compares the volume of LNG exported by the U.S. in 2021 to the volume exported in 2023 in millions of cubic feet:

Nation 2021 2023 Region % Change
🇲🇽 Mexico 2,154,457 2,241,553 Americas 4.0%
🇨🇦 Canada 937,124 1,026,097 Americas 9.5%
🇳🇱 Netherlands 174,339 588,557 Europe 237.6%
🇫🇷 France 170,780 492,696 Europe 188.5%
🇬🇧 United Kingdom 195,046 450,694 Europe 131.1%
🇯🇵 Japan 354,948 310,190 Asia -12.6%
🇰🇷 South Korea 453,483 275,779 Asia -39.2%
🇪🇸 Spain 215,062 269,202 Europe 25.2%
🇩🇪 Germany 0 204,605 Europe N/A
🇮🇹 Italy 34,210 197,513 Europe 477.4%
🇨🇳 China 453,304 173,247 Asia -61.8%
🇮🇳 India 196,218 164,325 Asia -16.3%
🇹🇷 Türkiye 188,849 156,403 Europe -17.2%
🇵🇱 Poland 56,320 139,635 Europe 147.9%
🇹🇼 Taiwan 99,350 104,075 Asia 4.8%
🇧🇪 Belgium 5,584 97,017 Europe 1637.4%
🇦🇷 Argentina 83,449 76,921 Americas -7.8%
🇩🇴 Dominican Republic 53,095 73,761 Americas 38.9%
🇵🇹 Portugal 65,865 73,158 Europe 11.1%
🇹🇭 Thailand 14,548 59,477 Asia 308.8%
🇭🇷 Croatia 36,133 55,439 Europe 53.4%
🇱🇹 Lithuania 30,919 55,332 Europe 79.0%
🇬🇷 Greece 39,708 39,426 Europe -0.7%
🇫🇮 Finland 0 38,858 Europe N/A
🇧🇷 Brazil 307,714 38,595 Americas -87.5%
🇰🇼 Kuwait 34,476 35,185 Middle East 2.1%
🇨🇴 Colombia 2,247 32,014 Americas 1324.7%
🇨🇱 Chile 121,881 31,217 Americas -74.4%
🇧🇩 Bangladesh 37,734 24,147 Asia -36.0%
🇸🇬 Singapore 20,918 23,320 Asia 11.5%
🇵🇦 Panama 8,436 19,565 Americas 131.9%
🇯🇲 Jamaica 25,276 9,048 Americas -64.2%
🇵🇭 Philippines 0 6,823 Asia N/A
🇯🇴 Jordan 0 3,282 Middle East N/A
🇮🇩 Indonesia 3,269 3,157 Asia -3.4%
🇵🇰 Pakistan 45,818 3,141 Asia -93.1%
🇲🇹 Malta 5,427 2,592 Europe -52.2%
🇧🇸 Bahamas 486 499 Americas 2.7%
🇭🇹 Haiti 137 113 Americas -17.5%
🇦🇬 Antigua and Barbuda 8 47 Americas 487.5%
🇧🇧 Barbados 297 11 Americas -96.3%
🇮🇱 Israel 8,906 0 Middle East -100.0%

U.S. LNG exports to Europe as a whole have doubled since 2021, but exports to some select countries have skyrocketed. For example, France and the Netherlands doubled their imports, Italy’s imports grew nearly fivefold, while Belgium imported a staggering 16 times more LNG from the U.S. in 2023 than it did in 2021.  

The U.S. also now exports LNG to countries it did not export to before 2021. Germany, for example, did not import LNG from the U.S. in 2021 but was the 9th highest importer of U.S. LNG in 2023.

Natural Gas: Providing Energy Security

According to a recent forecast from Shell, the global demand for LNG will grow by 50% further by 2040. This growth would likely be driven by energy security demands in places like Europe and as regions like Asia transition away from coal and begin to use LNG more frequently.

Are you interested in exploring the investment opportunities provided by natural gas?

The Range Global LNG Ecosystem ETF (LNGZ) offers energy investors opportunities throughout the natural gas value chain.

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The post Charted: U.S. Natural Gas Exports (2021 vs. 2023) appeared first on Visual Capitalist.



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