The UK has been affected by rising prices, but it is less dependent on Russian gas than the EU, and this year, its LNG terminals have been used to send more gas to continental Europe. Almost 100 million tonnes of US LNG are now produced annually.
According to shipping tracker Kpler, just over two-thirds of the 71 million tonnes of LNG exported from the US this year have gone to Europe as utilities outbid Asian buyers for spare cargoes as they rushed to make up for Russia cutting supplies.
The UK has imported almost twice as much from the US in 2021—8 million tonnes, or nearly 11 billion cubic meters.
When the Texas Freeport LNG plant resumes exports in 2023 after being shut down due to a fire since the summer, US production should increase once more.