And flows could continue to climb as the new Plaquemines has been pulling gas in test mode for two months now, LSEG data shows. Federal regulators gave Venture Global LNG permission to begin starting up its LNG equipment at Plaquemines in early September. At the time, Venture said the first phase of the plant would begin exports later this year, with full operations resulting in 10 million tons per annum, making it the second largest single LNG facility in the U.S., behind Sabine Pass.

The share prices of LNG exporters in the United States have seen a jump following Donald Trump’s election victory, with many seeing the industry as one of the main beneficiaries of an upcoming new trade deal between Washington and Brussels.

Trump has spoken about the trade deficit that the U.S. has been running with the European Union for years and wants to change that by imposing tariffs on European imports. The European Commission’s president, Ursula von der Leyen, responded to that threat by suggesting the EU could boost the amount of U.S. LNG it buys.

Join the discussion | Back to homepage