彭博社12月30日报道，据航运数据追踪公司克普勒（Kpler）统计，2025年全球液化天 然气出口同比增长4%，达4.29亿吨，创2022年以来年度最大增幅，其中12月出口量或 以4100万吨刷新纪录，2026年有望继续保持7.5%—8%的高增长，中国和日本并列全球 最大买家。液化气出口增加主要归因于加拿大和美国产量提升，美国以突破1亿吨出口 量位居全球榜首。目前亚洲汽油价格已接近全年最低，欧洲有望于2026年下降40%。增 产推高超低温燃料运输需求，11月跨大西洋液化气运输成本达近2年最高。 （原标题：全球液化天然气出口创近三年最大增幅） ...

格隆汇12月30日｜北美新增产能投产，2025年全球液化天然气（LNG）出口量或迎来三年来最大幅度 增长。航运数据监测机构克莱珀（Kpler）测算，2025年全球液化天然气出口量同比增长4%，达4.29亿 吨；数据显示，这也是2022年出口量同比大涨 4.5% 以来的最大年度增幅。此次增长主要得益于加拿大 液化天然气项目（LNG Canada）及美国普拉克明斯液化天然气项目（Plaquemines）的产能爬坡。美国 正稳固其液化天然气主要出口国地位，今年该国液化天然气出口量首次突破1亿吨大关。预计美国后续 将持续新增产能，到本十年末实现产能翻倍，进而推动出口量进一步攀升。这一趋势或将拉低亚洲与欧 洲的天然气价格。目前，亚洲天然气价格已接近年内最低点，欧洲天然气期货价格较年初跌幅超 40%。新增产能还可能进一步推高低温液化天然气运输船的市场需求。上月，受供应激增带动运输船需 求上涨，跨大西洋液化天然气运输成本创下近两年新高。 ...

Core Viewpoint - The U.S. natural gas industry is experiencing record production and LNG exports in the first eight months of 2025, yet domestic prices are declining, presenting both opportunities and challenges for infrastructure and export capacity development [1][8][13]. Production and Pricing - U.S. natural gas production reached an average of 108.3 billion cubic feet per day in August 2025, up from 107.9 billion cubic feet per day in July 2025 [3]. - Despite record production, natural gas prices fell below $2.90 per million British thermal units, the lowest since November 2024, due to mild weather forecasts and strong storage levels [2][6]. - The U.S. Energy Information Administration (EIA) revised its price forecast down by 3% for the remainder of 2025, anticipating that prices will average around $3.60 per million British thermal units in the second half of 2025 [7]. LNG Export Growth - U.S. LNG exports reached a record level in the first eight months of 2025, with a 22% increase compared to the same period in 2024, totaling 69 million tons [8][9]. - Chenier Energy, the largest U.S. LNG exporter, reported an 85% increase in net income for Q2 2025, driven by strong demand and higher prices [11][12]. - The U.S. is expected to continue increasing LNG exports, with the EIA projecting a growth of approximately 2 billion cubic feet per day [7][12]. Challenges in Infrastructure and Regulation - The U.S. faces significant challenges in meeting the increased LNG demand from Europe, including insufficient pipeline capacity and new regulations requiring LNG to be transported on U.S.-flagged vessels starting in 2028 [13][20]. - Analysts express skepticism about the feasibility of the EU's plan to triple its energy purchases from the U.S. within three years, given the current export capacity limitations [15][18]. - The construction of new pipelines is lagging behind the growth in LNG export capacity, which could hinder future export growth [19][20].