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2022

Soaring LNG Demand Creates Traffic Jam At Gulf Of Mexico Ports

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Close to a record number of liquefied natural gas tankers are crowding Gulf Coast export terminals as U.S. exports of the superchilled fuels run at record rates. Reuters reported that Gulf Coast liquefaction facilities are operating near capacity thanks to strong demand, especially from Europe, which is currently trying to replenish its exhausted gas reserves. Citing data from Refinitiv Eikon, Reuters wrote that some 27 LNG tankers were either on their way to Gulf Coast export terminals or already there. As a result, liquefied natural gas exports…



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