9 January 2023 | Other

U.S. LNG exports to jump to record levels in spring 2023

The U.S. Energy Information Administration (EIA) released its energy outlook.

The report showed that the U.S. natural gas industry would earn more profits in 2023 than in 2022. According to the Freeport LNG company, it is targeting a second-half January restart for the LNG export plant. The plant is expected to return to full operation by March. 

In addition to this, to meet strong gas demand in Europe and Asia, U.S. terminals will continue to run at almost full capacity. The EIA predicts that U.S. LNG exports, most of which come from Texas, will soar to record by March 2023. 

It also forecasts gas production growth. According to the EIA, U.S. gas production will increase by about 2% from 2022.  

The report also revealed that the renewable energy sector will grow in 2022. Renewable energy sources are not fully reliable now (energy production is intermittent). Therefore, it is necessary to keep investing in more reliable energy resources, such as gas. 

Company MarketCheese
Gold buy
Period: 02.08.2026 Expectation: 150 pips
Invest in gold as $4,000 holds
Today at 11:02 AM 43
Period: 02.08.2026 Expectation: 2400 pips
Buying USDJPY upon updating all-time highs
Today at 10:47 AM 23
Period: 09.07.2026 Expectation: 3200 pips
Buy Tesla stock with $450 in sight on EU demand revival
Today at 09:16 AM 25
Period: 09.07.2026 Expectation: 550 pips
Selling AUDUSD with 0.68350 target amid lower expectations of RBA rate hike
Today at 06:48 AM 23
Period: 01.08.2026 Expectation: 3000 pips
Invest in USDCAD after updating yearly highs
Yesterday at 10:51 AM 40
Period: 15.07.2026 Expectation: 210 pips
Sell natural gas on cooler US weather outlook
Yesterday at 10:33 AM 21
Go to forecasts