US LNG Exports Set to Rise for First Time in 6 Months

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. (Reuters)
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. (Reuters)
TT
20

US LNG Exports Set to Rise for First Time in 6 Months

A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. (Reuters)
A liquefied natural gas (LNG) tanker is tugged towards a thermal power station in Futtsu, east of Tokyo, Japan November 13, 2017. (Reuters)

US liquefied natural gas (LNG) exports are on track to rise in August for the first month in six, rallying US gas prices by over 15% to a three-month high, according to analysts, energy traders and data from Refinitiv.

So far this year, LNG buyers around the world have canceled more than 100 US cargoes as prices for the fuel collapsed to record lows in Europe and Asia as demand collapsed due to the coronavirus.

Even before the pandemic spread, global gas prices were already trading at their lowest levels in years after a record number of LNG export terminals entered service in 2019, flooding the global market with fuel, at the same time winters in Europe and Asia were warmer than normal, forcing utilities to keep record amounts of gas in storage.

Stockpiles in the United States and Europe are now expected to reach all-time highs at the end of the summer injection season.

The amount of pipeline gas flowing to US LNG plants averaged 4.0 billion cubic feet per day (bcfd) (41% utilization) so far in August, according to Refinitiv, putting LNG exports on track for their first monthly gain since hitting a record high in February. Utilization was about 90% in 2019.

That compares with a 21-month low of 3.3 bcfd in July when buyers canceled the most cargoes in a month and the all-time high of 8.7 bcfd in February.

With LNG exports rising again and forecasts for hot weather expected to blanket much of the United States until late August, keeping air conditioning demand high, US gas prices at the Henry Hub benchmark in Louisiana soared over 15% on Monday to their highest since early May.



Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
TT
20

Saudi Inflation Rate Remains Stable at 2.3% in June 2025

The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025
The Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025

The General Authority for Statistics (GASTAT) reported that the annual inflation rate in Saudi Arabia remained stable at 2.3% in June 2025 compared to the same month of the previous year.

The Consumer Price Index (CPI) also remained steady at 0.2% in June 2025 compared to May 2025, on a monthly basis.

Similarly, the Wholesale Price Index (WPI) recorded a relative stability at 2.1% in June 2025 compared to the same month last year. However, the WPI decreased by 0.1% in June 2025 compared to May 2025.

According to GASTAT, CPI reflects price changes paid by consumers for a fixed basket of 490 goods and services. This basket was selected based on the results of the 2018 Household Income and Expenditure Survey. Prices are collected through field visits to points of sale, and the CPI statistics are published monthly.