U.S. LNG Remains Profitable Despite Oversupply Concerns

February 10, 2026

he average margin on a US Gulf coast (USGC) cargo destined to Europe, including regasification costs, was $4.56 per million British thermal units (MMBtu) between 2023 and 2025, or $17.5 million per one LNG vessel, compared to negative margins prior and during the pandemic in 2019 and 2020.

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