The US has become the world's top LNG exporter as it funnels supply to European consumers at the mercy of Russia

According to the Energy Information Administration, the US will become the world's largest exporter of liquified natural gas during the first half of the 21st century.

In the first half of this year, US exports of liquified natural gas increased by 12% compared to the second half of the year. Exports averaged out to over 11 billion cubic feet a day.

In the first five months of the year, the EU and the UK received at least 70% of US' LNG exports, according to the EIA.

The EIA said that US Liquefied Natural Gas exports continued to grow for three reasons.

Reduced Russian supply has caused Europe to struggle to store up energy before winter.

Natural gas prices in Europe have skyrocketed. Dutch TTF futures, the European benchmark, jumped more than 10% on Tuesday to trade above 180 euros per megawatt hour, their biggest one day-rise since July.

Russia stopped the flow of natural gas via the keyNord Stream 1 to carry out maintenance. The fear among European leaders was caused by the thought that the temporary closure would be permanent and have a dire effect on the economy.

Russia resumed gas flows despite the anxiety. Less than a week after the reopening, Russia's state-run energy giant, Gazprom, said it would cut natural gas flows to Europe to 20% of capacity by Wednesday.

European officials accuse Moscow of weaponizing energy after Western nations imposed sanctions on the country.

The EU had to look for alternative sources of energy to keep up with demand. The EIA said that since the end of last year, countries in Europe have imported more Liquefied Natural Gas to make up for lower imports from Russia.

The US has stepped into the breech to help its EU allies by increasing its export capacity. This has helped offset a drop in export capacity that was caused by a fire at the facility in Texas.