In-brief analysis
October 16, 2025
Data source: U.S. Energy Information Administration, Liquefaction Capacity File, and trade press
Note: Export capacity shown is project’s baseload capacity. Online dates of LNG export projects under construction are estimates based on trade press and do not reflect expectations for projects ramping to full production following initial shipment. LNG=liquefied natural gas; FLNG=floating liquefied natural gas
Liquefied natural gas (LNG) exporters in the United States have announced plans to more than double U.S. liquefaction capacity, adding an estimated 13.9 billion cubic feet per day (Bcf/d) between 2025 and 2029, according to our Liquefaction Capacity File and trade press reports. The United States is already the largest exporter in the world with 15.4 Bcf/d of capacity.
More broadly, LNG export capacity in North America is on track to increase from 11.4 Bcf/d at the beginning of 2024 to 28.7 Bcf/d in 2029, if projects currently under construction begin operations as planned. Exporters in Canada and Mexico have announced plans to add 2.5 Bcf/d and 0.6 Bcf/d of capacity over the same period, respectively. North American export capacity additions will total over 50% of expected global additions through 2029, according to the International Energy Agency.
Data source: U.S. Energy Information Administration, Liquefaction Capacity File, and trade press
Note: Bcf/d=billion cubic feet per day; LNG=liquefied natural gas; FLNG=floating liquefied natural gas
United States: The planned liquefaction capacity additions will be concentrated around the U.S. Gulf Coast, already the largest hub for LNG exports in the Atlantic Basin. To supply these terminals, new pipeline projects will be built to transport natural gas from production areas. However, pipeline construction delays remain a supply risk for new terminals. Plaquemines LNG Phase 1 shipped its first cargo in December 2024. Plaquemines LNG Phase 2 and Corpus Christi Stage III began shipping cargoes earlier in 2025, but they have not yet begun commercial operation. Five additional LNG export projects in the United States have reached final investment decision (FID) and are currently under construction:
- Port Arthur LNG Phase 1 (1.6 Bcf/d)
- Rio Grande LNG (2.1 Bcf/d)
- Woodside Louisiana LNG (2.2 Bcf/d)
- Golden Pass LNG (2.1 Bcf/d)
- CP2 Phase 1 (2.0 Bcf/d)
Canada: On July 1, LNG Canada—the nation’s first LNG export terminal—shipped its first cargo from Train 1 after achieving first LNG production in late June. LNG Canada, located in British Columbia, can produce a combined 1.84 Bcf/d from two liquefaction trains (0.9 Bcf/d per train), and the facility is anticipated to reach full capacity in 2026. A proposed second phase of the project would double the export capacity to 3.68 Bcf/d and expand the facility to four trains, according to the Canada Energy Regulator (CER). The expansion is expected to come online after 2029.
Canada’s new LNG capacity will be on the west coast of North America, reducing shipping times to Asian markets by 50% compared with exports from U.S. Gulf Coast terminals, and will source feedgas from the Montney Formation in the western provinces of Alberta and British Columbia. Two other projects with a combined capacity of 0.7 Bcf/d are currently under construction in Western Canada. Woodfibre LNG, with an export capacity of 0.3 Bcf/d, is expected to start LNG exports in 2027. Cedar LNG—a floating LNG project with capacity to liquefy up to 0.4 Bcf/d—reached FID in June 2024 and is expected to begin LNG exports in 2028.
Mexico: Developers are currently constructing two LNG export projects in Mexico with a combined capacity of 0.6 Bcf/d—the Fast LNG Altamira Floating LNG (FLNG) production vessel (FLNG2), which has a capacity to liquefy up to 0.2 Bcf/d off the east coast of Mexico, and Energía Costa Azul (0.4 Bcf/d export capacity) on Mexico’s west coast. Both projects will source feedgas from sources in the United States. Mexico’s first LNG export cargo was produced aboard Fast LNG Altamira FLNG1 in August 2024, and natural gas transported on the Sur de Texas-Tuxpan natural gas pipeline supplies this project.
Principal contributor: Jordan Young
