U.S. LNG exports could reach 13.3 Bcf/d next year as developers prepare to launch the initial phases for two large-scale projects on the Gulf Coast, according to the Energy Information Administration (EIA).

LNG

As the supply of liquefied natural gas took a global spotlight last during after Russia’s invasion of Ukraine, U.S. export projects also garnered added attention. The United States is expected to contribute the only significant additions to global LNG capacity through 2025.

EIA analysts wrote that market dynamics are poised to encourage more U.S. LNG exports when ExxonMobil and Qatar Energy’s Golden Pass LNG project and Venture Global’s Plaquemines LNG terminal potentially ramp up in early to mid-2024.

“Natural gas prices at several price hubs in Europe and Asia...