Daily Energy Report

US LNG to Europe, German oil demand, Trump’s energy plans, UK sanctions Russia (again), Austria/Russia gas, COP irrelevance, EU LNG predicament, Plastics demand, China inventory build, and more.

Due to Thanksgiving holiday and related travel, we will not publish the Daily Energy Report this Wednesday through Friday. In case of breaking news, we will post a short note. 

November 25, 2024

Chart of the Day: US LNG Exports to Europe Are Recovering  

Summary

Figure (1) above shows trends in weekly US LNG exports by destination since the beginning of 2023. Most US LNG exports go to Europe and Asia. After a major decline in exports to Europe for several months, exports began recovering recently. Why Europe is in trouble and why US LNG exports to Europe are at risk? Answers below