# After six decades, U.S. set to turn natgas exporter amid LNG boom

> The US is set to become a natural gas net exporter for the first time in six decades, driven by a boom in LNG exports. Natural gas benchmark prices averaged $2.49 per MMBtu in 2016, the lowest since 1999, well below the 10-year average of $4.42.

- Date: 2017-03-29 · published 2017-03-29T12:00:00.000Z
- Category: trade · region US · magnitude low
- Page: https://feedsoft.ai/events/72167-after-six-decades-u-s-set-to-turn-natgas-exporter-amid-lng-boom
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Rising LNG export demand supports US gas prices, but producers are expected to raise output to record levels, which should limit how far prices climb.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-03-30 | [The LNG Export Boom Is Draining U.S. Natural-Gas Supplies and Lifting Prices](https://feedsoft.ai/events/42449-the-lng-export-boom-is-draining-u-s-natural-gas-supplies-and-lifting-prices.md) | +12.4% | +33.0% |
| NATGAS | 2020-10-05 | [U.S. natgas futures rise over 4% on higher LNG exports By Reuters](https://feedsoft.ai/events/8348-u-s-natgas-futures-rise-over-4-on-higher-lng-exports-by-reuters.md) | +33.9% | +71.9% |
| NATGAS | 2022-03-09 | [U.S. LNG exporters emerge as big winners of Europe natgas crisis \| Reuters](https://feedsoft.ai/events/42448-u-s-lng-exporters-emerge-as-big-winners-of-europe-natgas-crisis-reuters.md) | -1.2% | +31.1% |
| NATGAS | 2020-10-20 | [U.S. natgas jump to 20-month high on rising LNG exports, cold weather](https://feedsoft.ai/events/7677-u-s-natgas-jump-to-20-month-high-on-rising-lng-exports-cold-weather.md) | +21.5% | +4.8% |
| NATGAS | 2026-01-01 | [American Export Boom Means Goodbye to Cheap US Natural Gas](https://feedsoft.ai/events/21697-american-export-boom-means-goodbye-to-cheap-us-natural-gas.md) | -17.9% | +45.6% |

## Sources

- reuters.com: https://www.reuters.com/article/us-usa-natgas-lng-analysis-idUSKBN1700F1/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.