U.S. developers signed sale and purchase agreements (SPA) for 40 million tons per annum of liquefied natural gas (LNG) in 2025 from planned export facilities, according to U.S. Department of Energy (DOE) and company website data. This LNG volume equals 5.2 billion cubic feet per day (Bcf/d), the highest volume since 7.0 Bcf/d in 2022.