U.S. LNG Exports in 2026: Record Volumes and the Terminals Behind Them

Last reviewed on October 3, 2026.

Updated October 3, 2026: this article was first published on March 3, 2026. The original version contained capacity, utilization, destination and margin figures that we could not verify, so it has been rewritten around the EIA's published export data.

U.S. liquefied natural gas exports kept climbing through 2025 and into 2026. EIA data show exports averaging 15.1 Bcf/d in 2025, up from 11.9 Bcf/d in 2024, and reaching a monthly record of 18.5 Bcf/d in March 2026.

Monthly LNG exports and dry gas production

MonthLNG exports (Bcf/d)U.S. dry gas production (Bcf/d)
July 202616.73113.7
June 202617.37112.3
May 202616.22110.5
April 202617.93111.0
March 202618.49110.7
February 202617.63110.7
January 202617.39108.8
December 202518.36111.6
November 202517.50110.3
October 202516.24107.3
September 202515.06108.3
August 202514.55108.6
July 202514.09108.0
June 202513.53107.5
May 202514.04106.5
April 202514.94106.9
March 202514.76107.3
February 202514.62104.9
January 202513.39104.3
December 202413.25105.7
November 202412.54103.8
October 202412.14103.8
September 202412.10102.3
August 202411.73103.1
July 202410.45104.0
June 202411.88102.7
May 202411.86101.5
April 202410.13101.4
March 202411.93102.3
February 202412.40104.6
January 202412.78101.8

Calculated from EIA monthly volumes (million cubic feet) divided by days in the month. Latest month available: July 2026 (EIA release of September 30, 2026).

A decade of growth

YearAverage LNG exports (Bcf/d)
20160.51
20171.94
20182.97
20194.99
20206.53
20219.76
202210.59
202311.90
202411.93
202515.09
2026 (Jan–Jul)17.39

Large-scale exports from the Lower 48 began in February 2016, when Cheniere's Sabine Pass terminal in Louisiana shipped its first cargo. Within a decade the United States went from a marginal LNG exporter to the world's largest: the EIA reported that the U.S. became the largest LNG exporter in 2023. In 2025, LNG exports were equivalent to roughly 14% of U.S. dry gas production by volume.

The operating export terminals

U.S. LNG export capacity is concentrated on the Gulf Coast, with one terminal each in Maryland and Georgia:

Further projects, including Golden Pass LNG in Texas (a QatarEnergy and ExxonMobil joint venture), have been under construction or commissioning; check the operators' announcements and the EIA's natural gas data pages for current status.

Why LNG exports matter for Henry Hub

LNG terminals buy pipeline gas around the clock, so their feedgas demand behaves very differently from weather-driven heating demand. When terminals run near capacity, they absorb gas that would otherwise go into storage; when a terminal trips offline or goes into maintenance, that gas suddenly stays in the domestic market, which tends to weigh on Henry Hub. Many U.S. export contracts price feedgas at a percentage of Henry Hub plus a fixed liquefaction fee, which links U.S. supply to international benchmarks such as Europe's TTF and Asia's JKM. Our explainer on the Henry Hub–TTF spread covers the arbitrage, and the unit converter shows how to compare $/MMBtu with €/MWh.

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