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Daily Prices

8/22/24

U.S. LNG Export Capacity Growth Stalls for Now as Startups Slide into 2025

By Therese Robinson

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Published in: Daily Gas Price Index Filed under:

While U.S. LNG supply is poised to skyrocket by the end of the decade, little new export capacity will come online this year, and additional volumes are expected to climb slowly through next year and into 2026 as projects work through various setbacks.

Chart showing U.S. LNG projects under construction

Currently, the United States has about 14.5 Bcf/d of liquefied natural gas export capacity. By the end of 2024, EnergyAspects expects that to rise to 14.9 Bcf/d. The capacity increase is largely due to the ongoing ramp up in commissioning Plaquemines LNG, which had feed gas flows average about 10 MMcf/d over the last week.

Plaquemines is expected to have between four and six of its modular trains in the commissioning phase and potentially its first cargo loaded by the end of this year. That could boost U.S. export capacity by around 300 MMcf/d, said EnergyAspects’ David Seduski, head of North America Gas.

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Therese Robinson

Therese Robinson started her energy career in London covering international oil and gas markets. She was managing editor-Europe at Platts, director of Standard & Poor’s Credit Ratings division, and managing editor at UK consultancy, Gas Strategies. She also served as business development and crude editor for Argus. As both project director and managing editor, she launched Natural Gas Daily for Interfax Energy Services. She is from New England.