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US sets new record for monthly LNG sales
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Exports rise past 10 million tonnes per month
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Country's two largest LNG exporters led increase
By Curtis Williams
HOUSTON, Nov 3 (Reuters) - The U.S. has become the first
country to export 10 million metric tonnes (mmt) of liquefied
natural gas in a single month, according to preliminary data
from financial firm LSEG.
The U.S. exported a record 10.1 mmt of the liquid fuel in
October, up from a revised figure of 9.1 mmt in September, LSEG
data showed.
Already the world's largest LNG exporter, the U.S. has been
ramping up sales with four record-setting months in 2025. The
surge was led by the start-up of Venture Global's ( VG )
Plaquemines export plant and the ramp-up of Cheniere's
Corpus Christi Stage 3 project, the data showed.
The Plaquemines facility, located in Louisiana, sold 2.2 mmt
last month, surpassing its previous high of 1.6 mmt in
September, the data showed.
Cheniere's Corpus Christi export facility exported 1.6 mmt, also
a record for the plant. With Sabine Pass exporting 2.6 mmt in
October, the company sold a combined 4.2 mmt, or 42% of all of
the LNG exported by the U.S.
When completed, the Corpus Christi Stage 3 operation will allow
Cheniere to export more than 50 million metric tonnes per year
starting in 2026, CEO Jack Fusco said in a recent earnings call.
Venture Global ( VG ) and Cheniere were responsible for 72% of the
country's total exports in October, LSEG data showed.
EUROPE IS THE BIGGEST CUSTOMER
Europe remained the prime destination for U.S. LNG, with 6.9
mmt, or nearly 69% of total exports, heading to the continent
last month. That figure compares with 6.22 mmt in September, as
Europe continued to fill storage ahead of the winter, LSEG ship
tracking data showed.
U.S. LNG exports to Asia last month stood at 1.96 mmt compared
to 1.63 mmt in September, the ship tracking data showed.
U.S. LNG exports to Latin America fell in October to 0.57 mmt,
down from September's 0.63 mmt, as the South American continent
prepares to enter warmer summer months, LSEG ship-tracking data
show.
Egypt, meanwhile, bought five cargoes for a total of 0.43 mmt,
less than the 0.5 mmt it purchased in September, the data
showed.
There were two cargoes that went to Senegal for a total of 0.1
mmt, and two that were seeking orders from customers for another
0.1 mmt, according to LSEG ship-tracking data.
In October, gas traded at $10.88 per million British thermal
units at the European benchmark Dutch Title Transfer Facility
, down from $11.13 in September. At the Japan Korea
Marker benchmark in Asia, October's average price was
$11.11, compared to $11.32 in September.
The TTF and JKM prices were so close that they provided
little incentive for U.S. LNG exporters to shift from selling to
the European market to the more distant Asian market.