Although Golden Pass is expected to resume production, natural gas flows to U.S. LNG export plants are still set to hit a 16-week low.
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Surprisingly, this decline occurred even as QatarEnergy and ExxonMobil's joint Golden Pass facility in Texas showed signs of restarting operations. As global natural gas prices skyrocketed, demand for low-cost US natural gas surged, and in 2023, the US officially surpassed Australia and Qatar to become the world's largest exporter of liquefied natural gas.
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