29 December 2022 | Other

Extreme weather could threaten LNG exports

A cold snap could test the Texas electric grid and curtail LNG exports. 

These are predictions made by Kayrros, a geoanalytics company. According to the company's report, subfreezing temperatures and high winds seen in February 2021 resulted in an energy collapse in Texas and LNG exports plunge. 

The report shows a chart with US LNG exports over the last four years. According to the chart, exports have surged in December to around 2020 December levels. However, they still don’t exceed 2021 December levels and first quarter 2022 levels.

The company said that US LNG exports helped Europe overcome hard times when Russia had cut gas supplies to Europe.

US LNG exports peaked in the first half of 2022, with facilities nearing maximum capacity. 

Company MarketCheese
Brent sell
Period: 11.07.2025 Expectation: 400 pips
Brent falls ahead of OPEC+ decisions
04 July 2025 37
Period: 18.07.2025 Expectation: 900 pips
AUDCAD is likely to keep pulling back from its monthly high
04 July 2025 34
Period: 10.07.2025 Expectation: 1200 pips
Selling USDJPY during rebound with 142.430 target
03 July 2025 57
Period: 11.07.2025 Expectation: 220 pips
Heatwaves across Europe and US support gas price recovery from recent lows
03 July 2025 160
Period: 08.07.2025 Expectation: 1500 pips
EURUSD rally faces potential correction toward 1.165
02 July 2025 83
Period: 09.07.2025 Expectation: 1400 pips
USDCAD declines amid US dollar weakness and improving Canadian trade prospects
02 July 2025 57
Go to forecasts