The United States short-term energy outlook for May said that in future it would make use of changed methodology and the new model would combine a 30-year trendline and the National Oceanic and Atmospheric Administration’s forecast to create the weather forecasts.

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US Government forecasts in its latest short-term outlook that the LNG export market in 2023 will stay “relatively flat” before expanding in 2024 and expects a decline in domestic natural gas consumption.

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The United States Government expects high levels of US LNG exports to continue into 2022, averaging 11.3 billion cubic feet per day for the year, a 16 percent increase from 2021 as new production comes on stream.

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The US Government forecasts that liquefied natural gas exports will be almost 85 percent higher in 2023 than they were in 2020 and that the nation’s natural gas production will increase in the next two years.

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The US Government estimates that liquefied natural gas exports levels will remain high from December through to March 2022, supported by increased natural gas demand in the Northern Hemisphere winter in Europe and North Asia.

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