U.S. LNG Exports Near Record High as Europe Scrambles for Winter Supply
Exports of liquefied natural gas from the United States hit their second-highest level in history thanks to an uptick in demand from Europe ahead of the start of the winter season, which drove LNG prices higher. According to LSEG data cited by Reuters, U.S. exports of liquefied gas to Europe rose by 1 million tons last month, to a total of 6.89 million tons. Exports to Asia, meanwhile, remained almost unchanged, slightly down from the previous month, at 2.73 million tons, compared to 2.84 million tons in September. Europe has become the biggest…