6.89 million tons bound for Europe, 2.73 million tons bound for Asia… U.S. LNG exports in October

US LNG exports in October totaled the second-highest on record, with 6.89 million tonnes shipped to Europe—up 980,000 tonnes from September—while Asia-bound volumes slipped to 2.73 million tonnes from 2.84 million tonnes, according to Reuters citing LSEG vessel-tracking data. October average prices converged at roughly $28/MMBtu for both Europe's TTF and Asia's JKM, with both benchmarks up from September as Europe's pre-winter restocking demand narrowed the Europe-Asia price spread. The narrowing arbitrage window and Europe's storage push explain the tilt toward European cargoes, a shift that matters for global gas trade flows and price dynamics heading into winter. The US Energy Information Administration projects US LNG exports averaging 17.4 billion cubic feet per day in the first half of 2026, up 23% year over year. Watch next: whether the TTF-JKM spread widens again as Asian winter demand picks up, and whether export capacity growth keeps pace with European restocking needs.