NG Exports Top 24.2 Bcf/d, Overtaking Residential and Commercial Demand

⬤ U.S. natural gas exports hit record highs in 2025. The country shipped 14.8 bcf/d by LNG tanker and 9.4 bcf/d via pipeline during the first eleven months of the year - adding up to 24.2 bcf/d in total. That's more than what American households (12.0 bcf/d) and commercial users (9.3 bcf/d) consumed over the same stretch. To put it plainly: the U.S. is now exporting more gas than it burns at home in kitchens and office buildings combined. You can see more on the supply side in this breakdown of U.S. natural gas output vs. LNG export demand.

⬤ A decade ago, LNG exports were barely registering at under 5 bcf/d. By 2025, that number had jumped to 14.8 bcf/d. Pipeline exports followed a similar upward curve, reaching 9.4 bcf/d. Meanwhile, residential and commercial demand stayed relatively flat - hovering at 12.0 and 9.3 bcf/d respectively. The gap between domestic consumption and export volumes keeps widening, and the chart covering U.S. gas disposition from 2014 to 2025 makes that structural shift impossible to ignore.

⬤ Behind the numbers is a massive infrastructure build-out - new liquefaction terminals, expanded pipeline capacity, and long-term supply agreements with overseas buyers. NatGas price action near $3.05 reflects how these dynamics are playing out in real time, with traders watching export demand as closely as domestic storage data. Pipeline flows to Mexico and Canada continue growing, while LNG cargoes increasingly head to Europe and Asia.

⬤ This isn't just a supply story - it's a market structure story. The U.S. has quietly become one of the world's top gas suppliers, and domestic pricing is starting to feel the pull of international benchmarks. As natural gas rallied 12% in its biggest move since May, the link between export demand and domestic price swings became hard to miss. How the market balances global appetite against local needs will be one of the defining energy questions heading into 2026.