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Written by Curtis Williams
HOUSTON (Reuters) – U.S. demand from LNG plants hit a record on Tuesday, the last day of the year, rising to 15.2 billion cubic feed (bcf) in a sign of a strong year ahead of new plant startups. two new ones that work on gas. , preliminary data from financial firm LSEG showed.
US natural gas demand for LNG plants is forecast to increase to 17.8 bcfd next year with the expansion of Venture Global LNG’s 20 million tons per year (MTPA) Plaquemines facility Louisiana and Cheniere Energy (NYSE:)’s Corpus Christi Stage 3 in Texas.
Demand for natural gas from foreign LNG plants could spur higher production in the US and increase prices at the state gas exchange in Louisiana, called the Henry Hub, according to analysts. Gas prices were up 48 cents in midday trading on Tuesday, at $3.94 per cubic feet (mcf), according to LSEG data.
The US is the world’s largest exporter of refrigerant gas and a major exporter to Europe and Asia. LNG exports and supply gas demand also tend to be higher in the colder months in the Northern Hemisphere as they improve plant efficiency.
Tuesday was the third time in two weeks that US LNG supply gas demand exceeded 15 bcfd but the first time it reached 15.2 bcf, according to LSEG data.
In December, Venture Global and Cheniere announced the first LNG from their expansion plans with Venture Global’s Plaquemines plant sending its first cargo to Germany.
US gas demand for LNG is expected to rise to 20.3 bcfd in 2026 as new plants ramp up, and rise to 24.2 bcfd in 2028 according to US EIA data. The benefits will follow the start-up of Golden Pass LNG, a joint venture between QatarEnergy and Exxon Mobile (NYSE: ) is being built offshore Texas with first gas expected in late 2025 or early 2026.
