U.S. LNG Exports Near Record High as Europe Scrambles for Winter Supply

Exports of liquefied natural gas from the United States hit their second-highest level in history thanks to an uptick in demand from Europe ahead of the start of the winter season, which drove LNG prices higher. S. 89 million tons. 84 million tons in September. S. liquefied natural gas following the loss of much of its Russian pipeline gas supply, with EU restrictions on short-term Russian LNG contracts already in effect.

Next year, the bloc's ban on Russian LNG under long-term contracts takes effect on January 1, 2027, while remaining pipeline gas imports are scheduled to end in autumn 2027. In the meantime, the EU is buying all the Russian LNG it can get, with imports so far this year running at record highs.