LNG exports soar as new plants start up in Louisiana, Texas

KEY TAKEAWAYS:

U.S. LNG exports hit 10.1 million tons in October, marking the fourth consecutive monthly record.

Gulf Coast plants in Louisiana and Texas drove production increases.

Europe and Asia were major buyers, with Europe receiving 69% of shipments.

Haynesville shale assets saw significant acquisitions by Asian energy companies to secure feedstock.

U.S. LNG exports reached a fourth consecutive monthly high in October at 10.1 million tons as new gas liquefaction plants on the Louisiana and Texas Gulf Coast commenced operations, LSEG data shows.

Activity ramped up at Venture Global ‘s Plaquemines plant in Louisiana and Cheniere Energy ‘s Corpus Christi Stage 3 project in Texas, with production at each of the LNG export facilities up about 600,000 tons from September,