U.S. liquefied natural gas (LNG) exports reached an all-time high in August at 9.33 million metric tons, according to LSEG data, as facilities completed maintenance and Venture Global’s Plaquemines plant ramped up output. The surge reinforced America’s position as the world’s top LNG exporter.
- August exports surpassed the previous record of 9.25M tons set in April and exceeded July’s 9.1M tons.
- Plaquemines, the U.S.’s second-largest LNG plant, shipped 1.6M tons in August (17% of total exports) and is expected to expand further in September.
- Europe remained the top buyer, taking 6.16M tons (66% of exports), up from 58% in July.
- Exports to Asia slipped to 1.47M tons from 1.8M in July as regional prices fell.
- Egypt imported 0.57M tons (6% of exports), down slightly from July, amid declining domestic gas output.
- Latin America’s imports dropped to 0.69M tons, offset by higher output from Trinidad and Tobago’s Atlantic LNG facility, owned by Shell and BP.
- Shell’s LNG Canada plant shipped 0.4M tons in August, up from 0.3M in July.
Relevant Companies
- SHEL - Benefiting from higher production at Atlantic LNG and LNG Canada facilities.
- BP - Co-owner of Atlantic LNG, exporting 0.8M tons in August.
- LNG - U.S.-based exporters like Cheniere Energy could see gains from record shipment volumes.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
