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U.S. liquefied natural gas (LNG) exports are surging this month, projected to rise by 40% year-over-year to approximately 10.7 million tons. Data from Kpler highlights the U.S.’s expanding role as the world’s leading LNG supplier.
The increased LNG supply from the U.S. has driven European natural gas prices to their lowest point in over a year, despite colder weather as winter approaches. Prices are expected to remain under pressure in the coming months due to stable import volumes, even during peak energy demand season.
In recent years, the U.S. has accelerated investments in liquefaction facilities along the Gulf Coast, expediting export infrastructure to meet global demand for cleaner-burning fuels.
In October, the U.S. became the first nation to export over 10 million tons of LNG in a single month, totaling 10.1 million tons, according to LSEG data. Europe received 6.9 million tons (69% of exports), while Asia followed with 1.96 million tons.
This year, Europe continues to account for two-thirds of U.S. LNG exports—the highest concentration since 2022. Kpler data shows Europe’s LNG imports in 2025 are up 25% from last year but only 2% higher than 2022, as electricity sector demand wanes amid the shift to renewables.
Top suppliers Cheniere Energy and Venture Global accounted for 72% of U.S. LNG exports last month, reinforcing their pivotal role in U.S. LNG trade.
Long-term forecasts suggest European LNG demand may decline from the 2030s onward. The International Energy Agency (IEA) predicts EU gas demand will fall by over 10% by 2035, driven by heat pump adoption, energy efficiency gains, and renewable electricity growth.
Reduced European reliance on gas means U.S. exporters must seek new markets, particularly in Asia—the world’s largest LNG importer.
However, expanding in Asia is challenging. As of 2025, U.S. LNG holds only an 8% market share in the top five importing nations (Japan, China, South Korea, India, and Taiwan), trailing traditional suppliers like Qatar and Australia.
To compete, U.S. LNG must offer lower prices, but this is hindered by nearly double the shipping costs to Asia compared to Europe. Additionally, shifting from creditworthy European buyers to emerging markets with weaker credit profiles increases trade risks and credit insurance costs.
Source: Oilprice
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Europe remains the dominant market for U.S. liquefied natural gas (LNG) exports, accounting for nearly 70% of total American gas shipments abroad.
