The United States accounted for 93% of global LNG export growth in 2025, according to a Forbes analysis of the year's trade data — a share that leaves every other exporting nation fighting for the remaining 7% of incremental volume.

The figure concentrates nearly all of the world's liquefaction growth in a single country's Gulf and Atlantic coast terminals, where a queue of projects sanctioned during the 2019–2022 contracting wave has moved through construction and into production over the past 12 months.

Why did one country capture almost all the growth?

The 2025 outcome reflects timing more than geology. US projects that reached final investment decision years ago — anchored to long-term offtake contracts signed after the European supply shock — delivered their startup volumes within the same calendar year, stacking commissioning cargoes from multiple trains on top of steady baseline exports.

Competing suppliers, by contrast, added little new capacity in 2025. Forbes attributes the near-total US capture of growth to the absence of simultaneous startups elsewhere, with other exporting countries largely holding output flat rather than losing it.

What does the 93% share signal for buyers?

For utilities and trading houses locked in long-horizon procurement, the number confirms a supply base that is heavily concentrated in US liquefaction. Any disruption — hurricane season on the Gulf Coast, a permitting delay, a train outage — now carries outsized weight in the global balance because the marginal molecule of growth comes almost entirely from one basin of projects.

The concentration cuts both ways. Buyers gain negotiating leverage as more US volumes clear on flexible, destination-free contracts. But portfolio managers hedging winter demand now track a narrower set of operational variables than they did when growth was spread across more suppliers.

How durable is the US lead?

A single-year share is not a trend line. The 93% figure measures growth, not total market share, and it follows from a project schedule that will not repeat at the same density every year. New liquefaction now under construction in other regions will spread future additions across a wider set of exporters as those plants start up.

Still, the US construction queue remains the deepest in the industry, and Forbes's accounting shows no rival came close to matching American additions in 2025.

Watch item: whether 2026 startup schedules at competing liquefaction projects outside the US break this concentration, or whether the next wave of American FIDs extends the streak.