US liquefied natural gas (LNG) exports are expected to be increased in August for the first time in six months, which will help raise gas prices by more than 17%, according to Reuters.

Globally, LNG buyers have cancelled more than 100 US cargoes after the decline of fuel prices in Europe and Asia. Stock piles in US and Europe are expected to reach highest levels at the end of this season although it is still not as high as expected to be in a hot summer.

It was reported that the amount of gas flowing to US LNG plants reached to an average of 4 billion cubic feet per day (bcf/d) in August, pushing LNG exports for its first gains since hitting a record high of 8.7 bcfd in February.