US LNG exports fall in May after April record

US liquefied natural gas (LNG) exports dropped to 8.9 million tons in May from a record 9.3 million tons in April due to maintenance and outages at major facilities, according to LSEG. These production disruptions could significantly impact global energy prices, Reuters reports.

Cheniere Energy confirmed its Sabine Pass plant, the nation's largest with 30 million tons annual capacity, underwent maintenance in May. Additionally, Freeport LNG, the third-largest US producer, reported several outages.

In May, Europe received 68% of America's LNG exports, unchanged from April, while Asia's share declined slightly from 22% to 21%, LSEG data shows.

The US is set to increase LNG production this year through three major projects. Cheniere is working to enlarge its facility in Corpus Christi, Golden Pass LNG will begin production, and Venture Global will complete its Louisiana facility.