Daily Energy Report
US LNG exports, oil production in Iraqi Kurdistan, US crude oil inventories, offshore oil activities, Russian crude exports, energy security, and more
CHART OF THE DAY
Figure (1) above shows US LNG exports by destination in billion cubic feet per (bcf) month. With respect to the shift in exports from Asia to Europe, it preceded Russia’s invasion of Ukraine when Germany decided to stop receiving any gas supplies via the newly commissioned Nord Stream 2 pipeline. The chart also shows that record shipments were made immediately following the Russian invasion in March 2022.