US liquefied natural gas exports are set to reach a record 10.7 million tons in November, up roughly 40 percent from the same month last year, Bloomberg reported, citing predictive ship-tracking data from Kpler.

The surge comes as colder weather increases heating demand across Asia and Europe, but the extra supply is expected to help ease gas prices in both regions.

European gas futures fell to their lowest level in more than a year on Thursday, while prices in Asia, home to the world’s largest LNG consumers, are at their lowest in roughly a month. Analysts say the influx of US LNG could keep prices under pressure over the coming winter months, even as seasonal demand rises.

Longer-term growth is supported by new US export projects. The Plaquemines facility is ramping up output, while Golden Pass could send its first shipment before the end of winter. With additional projects under development, US LNG production is projected to double by the end of the decade, reinforcing America’s role as a key supplier to global gas markets.