Europe continues to be main destination for US LNG cargoes

France was the top destination for US liquefied natural gas (LNG) supplies in October as Europe continues to receive the majority of volumes produced at US liquefaction plants, according to the Department of Energy’s newest monthly report.

The DOE report shows that US terminals shipped 53.6 Bcf of LNG to France in October, 49.8 Bcf to Spain, 49.7 Bcf to the Netherlands, 28.8 Bcf to the United Kingdom, and 28.2 Bcf to South Korea.

These five countries took 54.7 percent of total US LNG exports in October.

Prior to this, the Netherlands was the top destination for US LNG supplies for five months in a row.

The Netherlands was the number one destination for US LNG supplies during January-October this year and the country is followed by France, the UK, Japan, Spain, South Korea, Germany, Italy, India, and China, the DOE data shows.

US LNG exports rise 24.1 percent

The US exported in total 384.4 Bcf of LNG in October to 28 countries, up by 24.1 percent compared to the same month last year and a rise of 10.9 percent from the prior month, the DOE report shows.

Europe received 259.7 Bcf, or 67.6 percent, of these volumes, Asia received 101.8 Bcf, or 26.5 percent, and Latin America/Caribbean received 22.9 Bcf, or 6 percent.

US terminals shipped 124 LNG cargoes in October.

Cheniere’s Sabine Pass plant sent 39 cargoes and its Corpus Christi terminal shipped 19 cargoes, while the Freeport LNG terminal shipped 22 cargoes and Sempra’s Cameron LNG plant sent 21 shipments during October.

In addition, Venture Global’s Calcasieu plant sent 15 cargoes, Elba Island LNG sent 4 cargoes, and Cove Point LNG dispatched 4 shipments.

5384 cargoes

According to DOE’s report, the average price by export terminal reached 6.81/MMBtu in October and 7.36/MMBtu in the January-October period.

Moreover, the report said that in the period from February 2016 through October 2023, the US exported 5384 cargoes or 17,128 Bcf to 41 countries.

The DOE data shows that South Korea remains the top destination for US LNG with 561 cargoes, followed by Japan with 438 cargoes, France with 419 cargoes, the UK with 408 cargoes, and Spain with 412 cargoes.

Besides these five countries, the Netherlands, China, India, Turkey, and Brazil are in the top ten as well.

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