US LNG EXPORTS RISE IN MAY AS FREEPORT LNG RETURNS TO PRODUCTION
U.S. exports of liquefied natural gas (LNG) rebounded in May as Freeport LNG, the country's second-largest exporter of the superchilled gas, returned to full production and as more supplies flowed to Asia. The U.S. is the world's largest exporter of LNG and a key supplier to Europe since Russia's invasion of Ukraine, but overall exports declined for four consecutive months this year, data from the financial firm showed on Monday.
There have been maintenance activities at some plants, as well as at Freeport LNG due to mechanical problems that led to three of its processing units going offline for almost two months, contributing to a decline through April. U.S. LNG exports jumped to 7.60 million metric tons (MT) in May from 6.19 million MT in April and just below the 7.61 MT exported in March, LSEG data showed. Freeport LNG, which can produce 15 million metric tons per annum (MTPA), returned to full production on May 10.
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