
American LNG Gains Serious Momentum
Oops, we did it again. U.S. LNG exports during the first four months of 2025 broke another record high to the tune of 34.6 million metric tons, a 20% increase over the same period last year. The vast amount of those shipments set sail for Europe, delivering 26.5 million tons. Better yet, America’s LNG industry has been reawakened during the first four months of 2025 and showing fire in the belly.
Reese Energy Consulting today is following the trifecta of FIDs, FERC approvals, and a new fired-up liquefaction and export terminal, all occurring in little more than one week.
We start with Louisiana LNG, a project helmed by Australia goliath Woodside Energy with a total permitted capacity of 27.6 mtpa. The proposed terminal, formerly known as Driftwood, is now FID ready-set-go to construct an initial three-train, 16.5 mtpa facility in Calcasieu Parish, La., at a cost of $17.5 billion. Investor Stonepeak has kicked in $5.7 billion on the project. Completion is expected in 2029.
Speaking of 2029, it’s also the year the bonkers big, 18.1 mtpa Golden Pass LNG is slated for startup. After receiving a DOE extension in March, the joint project between ExxonMobil and QatarEnergy is officially FERC-greenlit to create LNG magic on the Texas Gulf Coast near Sabine Pass.
Venture Global’s 10 mtpa Calcasieu Pass has announced it’s open for business in Cameron Parish, La.
Finally, the new Administration will hold a June summit in Alaska, inviting Japan and South Korea to sign on the dotted line as investors in the state’s $44 billion LNG project.