US net natural gas exports are expected to increase by 6% to 13.6 billion cubic feet per day this year compared to 2023 and to grow further by 2025 to 16.4 billion cubic feet per day, thanks to new liquefied natural gas (LNG) terminals coming online, according to Energy Information Administration (EIA) data late on Wednesday.
The US is poised to continue leading the growth in the natural gas trade, with three LNG export projects currently under construction coming online.
‘We expect the first phase of Plaquemines LNG and the third part of the Corpus Christi terminal to start LNG production this year and load the first cargoes by the end of the year. The developers of Golden Pass LNG plan to put the first two trains of the three-train LNG export facility into service in 2025,’ the EIA said.
Pipeline natural gas exports to other countries, particularly Mexico, are also expected to increase, according to the EIA’s forecast.
US net natural gas exports are projected to increase by 6% this year compared to 2023, reaching 13.6 billion cubic feet per day. Next year, net exports are forecast to increase by 20% to 16.4 billion cubic feet per day.
Existing LNG terminals are expected to maintain similar utilization rates over the next two years, the EIA noted.
The report also maintains that LNG from the US will continue to serve as a marginal source of supply, especially during periods of high demand over the winter months.
