US LNG Exports Break Record High as Middle East War Disrupts Global Supply

By Curtis Williams

HOUSTON, April 1 (Reuters) – U.S. exports of liquefied natural gas rose to an all?time high in March as plants ran above nameplate capacity and new units started up, preliminary data from financial firm LSEG showed.

Shipments to Asia more than doubled from the previous month amid the ongoing conflict in the Middle East that has roiled energy markets and taken nearly 20% of global LNG supply offline, forcing customers who depended on cargoes that transited the Strait of Hormuz to try and find alternatives.

Exports in March climbed to 11.7 million metric tons, up