The volume of natural gas flowing to the United States’ seven liquefied natural gas (LNG) export plants was on track to hit a 10-month high on Wednesday, according to data from financial firm LSEG. The surge in feedgas was partly chalked up to flows to Venture Global LNG‘s Plaquemines plant in Louisiana as the company tests equipment at the plant. Plaquemines is set to become the country’s eighth big LNG export plant once it starts producing LNG, which analysts have said could happen any day now. Last year, the U.S. became the world’s largest LNG exporter ahead of Qatar and Australia.

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Low natural gas prices in the early part of the year prompted producers to cut back on production, with large declines recorded in the Haynesville and Uticaplays. From January through September 2024, shale gas production decreased by 12% (1.8 Bcf/d) in the Haynesville and by 10% (0.6 Bcf/d) in the Utica compared with the same period in 2023. At the same time, shale gas production in the Permian play grew by 10% (1.6 Bcf/d). Production in the Marcellus play, which leads U.S. shale gas production, remained flat.