- Venture Global and Cheniere Lead U.S. Export Surge.
- Cheniere’s Corpus Christi Project Sets Record, Eyes 50 MMT Capacity by 2026.
- Venture Global and Cheniere Account for 72% of Total U.S. Exports.
The United States has made history by becoming the first nation to export a whopping 10 million metric tonnes (mmt) of liquefied natural gas (LNG) in just one month, based on early data from financial firm LSEG. In October, the U.S. hit a new high with 10.1 mmt of LNG exported, a significant jump from 9.1 mmt in September, marking its fourth record-breaking month in 2025, reports Reuters.
New Projects Fuel Export Growth
This impressive increase in exports was driven by the launch of Venture Global’s Plaquemines export plant and the ramp-up of Cheniere’s Corpus Christi Stage 3 project, according to LSEG data. The Plaquemines facility in Louisiana alone sold 2.2 mmt in October, up from 1.6 mmt in September. Meanwhile, Cheniere’s Corpus Christi facility also set a record by exporting 1.6 mmt. Sabine Pass contributed 2.6 mmt, bringing Cheniere’s total to 4.2 mmt, which accounts for 42% of all U.S. LNG exports. Cheniere CEO Jack Fusco mentioned that with the completion of the Corpus Christi Stage 3 operation, the company is set to export over 50 million tonnes annually starting in 2026.
Venture Global and Cheniere Lead U.S. Exports
Together, Venture Global and Cheniere made up a staggering 72% of total U.S. LNG exports in October, as per LSEG data.
Europe remains the Top Destination
Europe continues to be the main market for U.S. LNG, receiving 6.9 mmt in October—almost 69% of total exports, up from 6.22 mmt in September, as the region works on building its winter reserves.
Exports to Asia Rise, While Latin America Sees a Drop
U.S. LNG exports to Asia climbed to 1.96 mmt in October, compared to 1.63 mmt in September. On the other hand, exports to Latin America dipped to 0.57 mmt, down from 0.63 mmt in September, as the region approaches the warmer summer months.
Smaller Buyers and Cargo Movements
Egypt purchased 0.43 mmt (five cargoes), slightly below the 0.5 mmt imported in September. Senegal received two cargoes totalling 0.1 mmt, while another two shipments of 0.1 mmt were awaiting orders, according to LSEG ship-tracking data.
Price Parity Limits Market Diversion
At the European TTF benchmark, gas traded at $10.88 per million British thermal units (MMBtu) in October, down from $11.13 in September.
At the Japan Korea Marker (JKM) in Asia, the average price stood at $11.11 per MMBtu, down from $11.32 the previous month.
The near parity between TTF and JKM prices provided little incentive for U.S. exporters to divert cargoes from Europe to the more distant Asian markets.
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Source: Reuters
