U.S. liquefied natural gas (LNG) exports are expected to jump 40% year-over-year this month, reaching an estimated 10.7 million tons, according to new projections from Kpler reported by Bloomberg. 

Rising LNG Supply Pushes European Gas Prices to One-Year Lows 

A strong wave of U.S. LNG supply has already driven down European natural gas prices to their lowest levels in more than a year, despite colder winter temperatures. Bloomberg notes that prices may decline even further over the coming months due to the market’s oversupply conditions, even though winter typically marks peak consumption. 

America Firmly Holds Title as the World’s Top LNG Exporter 

The United States has rapidly transformed into the largest LNG exporter globally, driven by aggressive liquefaction capacity expansions along the Gulf Coast and rising global demand for cleaner-burning fuel alternatives. 

Last month, the U.S. achieved a major milestone—becoming the first country ever to export more than 10 million tons of LNG in a single month. This achievement was supported by strong buying activity from Europe, which earlier this year committed to securing substantial volumes of U.S. LNG and crude oil as part of negotiations to lower tariffs under President Trump’s administration. 

Europe Remains the Largest Buyer of U.S. LNG 

According to Reuters, U.S. LNG exports hit 10.1 million tons in October, based on data from LSEG. Of this volume: 

• 6.9 million tons were shipped to Europe 

• 1.96 million tons were delivered to Asia 

• Europe accounted for 69% of the month’s total U.S. LNG exports 

This firmly positions Europe as the top international customer for American liquefied gas. 

Cheniere Energy and Venture Global Lead U.S. LNG Exports 

The majority of LNG exports in October came from two major producers—Cheniere Energy and Venture Global. Together, they supplied an impressive 72% of the total 10.1 million tons exported that month, highlighting their dominant role in the U.S. LNG market.