France and Spain continue to be top importers of US LNG

France was the top destination for US LNG exports for the second straight month in April, as Europe continues to receive most of the volumes produced at US liquefaction terminals, according to a report by the Department of Energy.

DOE said in its newest LNG monthly report that US terminals have sent 56.3 Bcf of LNG to France in April, followed by Spain (40.3 Bcf), United Kingdom (36.3 Bcf), Netherlands (28.4 Bcf), and Poland (17.3 Bcf).

These five countries took 54.1 percent of total US LNG exports in April.

In its March report, DOE said that France took 64.4 Bcf of LNG, followed by Spain with 59.2 Bcf, and the UK with 56.8 Bcf.

The US has exported in total 330 Bcf of LNG in April, down by 9.2 percent compared to the prior month and a 7.7 percent rise year-on-year, the DOE report shows.

US terminals shipped 107 LNG cargoes in April, compared to 114 in March and 92 in April 2021.

Cheniere’s Sabine Pass plant sent 39 cargoes while its Corpus Christi terminal shipped 17 cargoes in April.

In addition, Cameron sent 25 cargoes and Freeport dispatched 15 shipments, followed by Cove Point with eight cargoes, and Elba Island with three.

According to the report, the weighted average price by export terminal reached 9.94/MMBtu in April.

Moreover, the report said that in the period from February 2016 through April 2022, the US has exported 3,447 cargoes or 11,097 Bcf to 42 countries.

South Korea remains the top destination for US LNG with 435 cargoes, followed by Japan with 318 cargoes, and China with 263 cargoes.

Besides these three countries, Spain, the UK, France, Brazil, India, Mexico, Turkey, are in the top ten as well.

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