U.S. DOE Natural Gas Exports Monthly Report - February 2024

On April 24th, 2024 the U.S. Department of Energy released the U.S. Natural Gas Imports and Exports Monthly which covered

February 2024. Overview summary from that report is below.

In February 2024, the United States exported a total of 643.0 billion cubic feet (Bcf) and imported 268.3 Bcf of natural gas, resulting in 374.7 Bcf of net exports. The significant proportion of exports was in the form of LNG.

U.S. LNG Exports

The United States exported 358.9 Bcf of LNG, constituting 55.8% of total natural gas exports for the month. This LNG was distributed among 30 countries across different regions:

• Europe received the largest share with 234.4 Bcf (65.3%),
• Asia received 100.8 Bcf (28.1%),
• Latin America/ Caribbean received 23.7 Bcf (6.6%).
  
  

The export trends showcased a 9.4% decrease from January 2024 but a 10.0% increase from February 2023.

The top five destination countries accounted for 48.0% of the total U.S. LNG exports. These countries were:

• France: 49.4 Bcf (13.8%),
• Netherlands: 45.5 Bcf (12.7%),
• United Kingdom: 34.1 Bcf (9.5%),
• Japan: 22.8 Bcf (6.4%),
• Turkiye: 20.5 Bcf (5.7%).
  

U.S. Natural Gas Trade with Neighboring Countries

• Mexico: The U.S. exported 169.5 Bcf to Mexico while importing less than 0.1 Bcf, resulting in net exports of 169.5 Bcf.
• Canada: The U.S. exported 114.5 Bcf to Canada but imported a higher volume of 265.6 Bcf, leading to net imports of 151.1 Bcf.
  
  

This interaction with Canada represented a 35.6% decrease from January 2024 and a slight 1.2% decrease from February 2023.

The complete PDF U.S. Natural Gas Imports and Exports Monthly February 2024 report is here.