US Surges to Top of LNG Exporter Ranks on Breakneck Growth

  • US tied Qatar to export 81.2 million tons in 2022: ship data
  • Europe rushes to buy more LNG amid shift away from Russian gas
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The US tied Qatar as the world’s top exporter of liquefied natural gas last year, a milestone for the meteoric rise of America as a major supplier of the fuel.

Both countries exported 81.2 million tons in 2022, according to ship-tracking data compiled by Bloomberg. While that’s a modest increase for Qatar, it marks a huge leap for the US, which only began exporting LNG from the lower-48 states in 2016 and has seemingly overnight become a dominant force in the industry.