France remains top destination for US LNG supplies

France remained the top destination for US LNG exports in October as Europe continues to receive most of the volumes produced at US terminals.

According to the Department of Energy’s newest LNG monthly report, US terminals have sent 48.9 Bcf of LNG to France in October, followed by the United Kingdom (46 Bcf), the Netherlands (40.5 Bcf), South Korea (31.4 Bcf), and China (26.9 Bcf).

These five countries took 62.6 percent of total US LNG exports in October.

France was also the number one destination in September for US LNG supplies while the Netherlands took on this role in August.

Prior to that, France was the top destination for US LNG exports for five straight months.

US LNG exports rose by 3.9 percent

The US has exported in total 309.4 Bcf of LNG in October, up by 4.9 percent compared to the prior month but also up by 3.9 percent compared to October 2021, the DOE report shows.

US terminals shipped 97 LNG cargoes in October compared to 98 in September and 94 in October 2021, according to the report.

Cheniere’s Sabine Pass plant sent 38 cargoes while its Corpus Christi terminal shipped 20 cargoes in October.

In addition, Cameron dispatched 37 shipments and Elba Island two shipments.

Cove Point LNG did not ship any cargoes due to maintenance while Freeport LNG remained shut due to an incident at the facility that took place on June 8.

4051 LNG cargoes

According to DOE’s report, the weighted average price by export terminal reached 13.78/MMBtu in October.

Moreover, the report said that in the period from February 2016 through October 2022, the US has exported 4051 cargoes or 12,957.9 Bcf to 42 countries.

South Korea remains the top destination for US LNG with 482 cargoes, followed by Japan with 346 cargoes, Spain with 317 cargoes, and China with 282 cargoes.

Besides these four countries, France, the UK, the Netherlands, Brazil, India, and Mexico, are in the top ten as well.

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