April 2, 2025 : US exports soar in March
on ramp up of Plaquemines plant
US LNG exports soar in March on ramp up of Plaquemines plant - Reuters
US to axe Biden-era 7-year deadline on exports from LNG projects - Reuters
Norway to send more gas to Europe in summer of 2025, Gassco says - Reuters
Gas to qualify as ‘critical mineral’ under Coalition - The Australian Financial Review (Subscription)
Energy Department Takes Action to Remove Barriers for Requests to LNG Export Commencement Date Extensions - Press Release
Europe needs extra $11b of LNG to refill winter stores - Reuters
EUROPE POWER-Forecasts of lower wind supply lift spot prices - Reuters
US natural gas prices brace for impact from tariff crossfire: Maguire - Reuters
Russia's Arctic LNG 2 plant resumes operation 'slowly' - Reuters
Russian Arctic LNG 2 Project Resumes Gas Processing - Oil Price
Williams Places Two Transco Projects into Service to Meet Growing Energy Demand in the Southeast - Press Release
Recent News in USA LNG Exports
Export Volumes and Records
U.S. exported 9.3 million metric tons of LNG in March 2025, a new monthly record. Read This: Reuters
Previous record was 8.6 million metric tons in December 2023. Read This: Reuters
Europe received 6.47 million metric tons (70%) of U.S. LNG in March, down from 6.82 million metric tons (82%) in February. Read This: Reuters
Asia received 1.64 million metric tons (17%) of U.S. LNG in March, up from 0.69 million metric tons (8%) in February. Read This: Reuters
Latin America received 0.55 million metric tons, Middle East 0.42 million metric tons, and 0.22 million metric tons were available for sale in March. Read This: Reuters
U.S. exported 11.9 Bcf/d of LNG in 2024, remaining the largest exporter. Read This: U.S. EIA
U.S. LNG exports by vessel reached 414.9 Bcf in January 2025, up 5% from January 2024. Read This: U.S. Department of Energy
Project Developments
Plaquemines LNG plant exported 0.82 million metric tons in March, 9% of total U.S. exports. Read This: Reuters
Williams placed Southeast Energy Connector (150 MMcf/d) and Texas to Louisiana Energy Pathway (364 MMcf/d) into service. Read This: Press Release
Glenfarne took 75% stake in Alaska LNG Project; FID expected in 2025. Read This: Juneau Empire
FERC issued preliminary environmental support for Rio Grande LNG; expansion expected in 2027. Read This: Reuters
Venture Global’s Calcasieu Pass LNG (10 MTPA) ready for full operations by April 15. Read This: Oil Price
Policy Changes
U.S. rescinded policy requiring LNG projects to export within seven years of approval. Read This: Reuters
DOE will evaluate LNG export extension requests on a case-by-case basis. Read This: Press Release
Market Dynamics
U.S. natural gas prices up 80% year-over-year; tariffs may impact LNG market. Read This: Reuters
Gas futures steady at $3.93 per mmBtu with record LNG flows of 15.8 Bcfd in March. Read This: Reuters
Capital costs, labor shortages pose risks to LNG projects; 5-year timeline post-FID. Read This: Oil Price
International Relations
Trump using tariff threats to increase U.S. LNG imports; targets 100 MTPA by 2031. Read This: Oil Price
South Korea under U.S. pressure to commit to Alaska LNG; imports not before 2029-2030. Read This: Korea Bizwire
UK reliance on U.S. LNG grows; 12 billion cubic metres imported in 2023. Read This: The Telegraph
Company Activities
Tokyo Gas acquired 70% of Chevron’s East Texas gas assets for $525 million. Read This: Press Release
Sempra to sell Ecogas Mexico and a stake in Sempra Infrastructure within 12-18 months. Read This: Press Release
Charif Souki planning third U.S. natural gas venture with E&P team. Read This: Hart Energy