9 January 2023 | Macroeconomics

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
Period: 20.12.2024 Expectation: 2470 pips
GBPUSD is targeting 1.2300 level as selling pressure increases
Today at 08:20 AM 35
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
2nd in the segment "Currencies"
Period: 29.11.2024 Expectation: 800 pips
Silver buyers get ready to test 31.5 level
Yesterday at 11:27 AM 73
Gold sell
Period: 01.12.2024 Expectation: 8110 pips
Gold loses ground as demand for safe haven assets wanes
Yesterday at 10:04 AM 172
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Metals"
2nd in the segment "Oil and gas"
Period: 29.11.2024 Expectation: 700 pips
AUDCAD does not exit downward trend lines
22 November 2024 53
Period: 02.12.2024 Expectation: 560 pips
Brent oil on its way up after exiting bilateral pattern
22 November 2024 185
Alexandra_Belova
Alexandra_Belova

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
2nd in the segment "Currencies"
Period: 26.11.2024 Expectation: 2840 pips
Selling USDJPY with target at 152.00 influenced by BoJ policy
21 November 2024 106
Elena_Dorokhina
Elena_Dorokhina

Listed among the best MarketCheese authors
1st in the segments "Currencies" and "Metals"
2nd in the segment "Oil and gas"
Go to forecasts