Venture Global in early-stage talks to sell US LNG to Chinese buyers
Venture Global is in preliminary discussions to sell additional US LNG volumes of LNG to Chinese buyers. For PetroChina, the potential supply would total more than 1 mtpa, people familiar with the matter told Bloomberg.
US dry gas output sets fresh record
US dry natural gas production set an all-time high in July, led by a record surge in the Permian Basin, as higher global gas and LNG prices spurred additional output to offset constrained Qatari deliveries, according to the Energy Information Administration’s latest Natural Gas Monthly. Gross withdrawals in Texas and New Mexico increased by a combined 1.7 Bcf/d, or 3.2% from June to July, pushing total US gross withdrawals to a record 137 Bcf/d and lifting both marketed and dry production to new peaks. EIA analysts expect production will keep rising since flexible US LNG exports fill much of the gap left by constrained Qatari deliveries as long as shipping constraints through the Strait of Hormuz persist.
Record US gas output, sub-$3.50 Henry Hub underpin LNG exports
Record US natural gas production and sustained sub-$3.50/MMBtu Henry Hub prices are set to strengthen the economics of both LNG export expansions and new gas-fired power projects and, even as global demand tightens.
US gas exports to surge 30%
With five US LNG export projects set to start operations and ramp up production by the end of 2027, the country’s total gas export capacity is forecast to grow nearly 30%. According to EIA data, exports are bound to rise 1.9 billion cubic feet per day (Bcf/d) in 2026 to average 17.0 Bcf/d and increase by an additional 1.5 Bcf/d) in 2027.
Petroleum dwarfs US LNG sales, though gas accelerates
Petroleum, not LNG, accounts for most of the United States’ energy trade, reaching a 31 quadrillion British thermal units (quads) in 2025, followed by gas exports with 9 quads, according to U.S. government data. Yet natural gas is the faster growing export, with sales quadrupling over the past decade.
US gas exports to grow 30% by 2027 as LNG terminals ramp up
Five US LNG projects are set to start operations and ramp up productions by the end of 2027, adding nearly 30% to the country’s current peak export capacity of 18.3 bcf/d and helping offset 10 Bcf/d of damaged Qatari export capacity, according to US government analysts.
Permian Shale stages record rise in gas production
Fracking in the Permian Basin has staged a record 11% annual rise in gas production, adding 2.7 bcf/d to reach 27.7 bcf/d, suppored by break-even prices as low as $61 per barrel in the Midland Basin, one of the Permian's largest oil and associated gas formations.
Higher US supply offsets cold weather rally, Golden Pass start-up
Elevated US gas production is offsetting the bullish price impact of unseasonably cold weather through early March, while the ramp-up of Golden Pass LNG lifted feedgas intake to about 0.25 billion cubic feet per day (bcf/d).
LNG feedgas demand accelerates US pipeline completions
Rampant feedgas demand for US LNG exports is speeding up the completion of intrastate pipelines, with total capacity now reaching approximately 6.3 billion cubic feet per day (Bcf/d), according to the EIA’s updated Natural gas Pipeline Projects Tracker. About 85%, or 5.3 Bcf/d, of the additional capacity is designed to move shale gas from the Haynesville and Permian formations to the Louisiana Gulf Coast.
Soaring US LNG exports reshape domestic gas prices
US LNG exporters are selling cargoes abroad at prices roughly twice the Henry Hub benchmark, allowing export demand to set a higher clearing price in the domestic power market. Data from the US Energy Information Administration (EIA) shows the average LNG export sale price was $7.87 per thousand cubic feet (Mcf) in 2025 versus $3.66/Mcf for Henry Hub.
