U.S. LNG Exports Surge Toward Record Levels as Capacity Tightens

U.S. LNG exports are nearing record levels as global supply disruptions widen price spreads. The EIA expects exports to average 17 Bcf/d in 2026, with capacity running near full utilization.

(P&GJ) — U.S. LNG exports are approaching record levels as global supply disruptions widen price spreads and drive demand for American natural gas, according to the latest Short-Term Energy Outlook from the U.S. Energy Information Administration (EIA).

Exports averaged 17.9 Bcf/d in March, the second-highest monthly total on record. The EIA now forecasts full-year LNG exports will average 17.0 Bcf/d in 2026 and rise to 18.6 Bcf/d in 2027, both above previous records.

Strong international pricing—driven in part by disruptions to LNG flows through the Strait of Hormuz—has widened the spread between U.S. Henry Hub and key global benchmarks, supporting higher export volumes. As a result, U.S. export facilities are expected to operate near maximum capacity this year.

Additional capacity is set to come online in 2026, including Corpus Christi Stage 3 and Golden Pass LNG, while expanded export authorizations for Plaquemines LNG will further support volumes.

Despite stronger exports, the EIA expects natural gas storage levels to remain near historical averages, with Henry Hub prices holding close to seasonal norms in the near term.