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LNG (Liquefied Natural Gas) Trade Lowers U.S. Trade Deficit

In 2016, the first LNG cargos were shipped and growth in U.S.LNG exports has been considerable.

 

This has made material contributions to narrowing the U.S. trade deficit. According to the EIA, natural gas trade accounted for 5% of U.S. energy import value and 22% of energy export value in 2020; this resulted in an annual surplus of $26 billion.

 

In August 2022, the monthly U.S. LNG trade surplus peaked at $4.95B. That month the trade deficit was $67B ($261B exports, $328B imports). Without LNG trade, the August 2022 deficit would have been $72B, or 7.5% higher.

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2023 Charts

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