U.S. liquefied natural gas (LNG) exports are on track to reach a record high in November, a development that could help limit price gains in Europe and Asia as the winter heating season approaches.
According to Kpler vessel-tracking projections, the United States is expected to ship about 10.7 million tonnes of LNG in November—roughly 40% more than in the same month last year.
The increase in supply may put downward pressure on prices over the coming months, even as colder weather boosts heating demand. European gas futures recently slid to their lowest level in more than a year, while Asian spot prices—covering the world’s largest importing markets—are hovering near a one-month low.
Looking further ahead, new capacity is expected to keep lifting U.S. LNG exports for years, with output projected to double by the end of the decade. The Plaquemines facility is ramping up, and Golden Pass could dispatch its first cargo before winter ends.
