US LNG exports hit second-highest monthly level on record as Europe demand surges
UNG•US LNG exports reached their second-highest monthly level on record in October as shipments to Europe rose to 6.89 million metric tons from 5.91 million in September. Total exports increased as producers responded to strong European demand and multi-year-high natural gas prices.
1. European shipments rise
US LNG exports climbed to their second-highest monthly level on record in October, with Europe-bound shipments increasing by nearly 1 million metric tons to 6.89 million. The European TTF and Asian JKM benchmarks each averaged about $28 per million British thermal units, among their highest levels since the 2022 energy crisis.
2. Other export destinations
Golden Pass LNG doubled exports to four cargoes as the Texas plant continued ramping up. US shipments to Asia were 2.73 million metric tons, down from 2.84 million in September, while Egypt imported 0.68 million metric tons and Latin America received 0.68 million. Another 0.59 million metric tons departed US terminals without a final destination.
