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The DOE report shows that US terminals shipped 40.8 Bcf of LNG to South Korea in June, 34.9 Bcf to the Netherlands, 28.8 Bcf to India, 27.9 Bcf to Japan, and 20.8 Bcf to China.
These five countries took 43 percent of total US LNG exports in June.
In May, India was the top destination for US LNG cargoes, while Asia overtook Europe as the main destination for US LNG supplies.
Prior to that, Dutch and French LNG import terminals were the top destinations for US LNG supplies in March and April.
According to DOE’s data, the Netherlands was the top destination for US LNG supplies in January-June with 264.4 Bcf or 79 cargoes, down by 14 percent year-on-year, while France took 202.1 Bcf or 62 cargoes, down by 20 percent year-on-year.
In 2023, the Netherlands was also the the prime destination for US LNG cargoes with 588.6 Bcf, followed by France with 493.2 Bcf.
US LNG exports up
The US exported in total 356.4 Bcf of LNG in June to 37 countries, up by 8.7 percent compared to the same month in 2023 and a drop of 3.1 percent from the prior month, the DOE report shows.
Asia received 153.6 Bcf or 43.1 percent of these volumes, while Europe received 142.5 Bcf or 40 percent of these volumes and Latin America/Caribbean received 46 Bcf or 12.9 percent.
The DOE said that 80.5 percent of total June LNG exports went to non-free trade agreement countries, while the remaining 19.5 percent went to free trade agreement countries.
US terminals shipped 119 LNG cargoes in June, down from 122 LNG cargoes in May.
Cheniere’s Sabine Pass plant sent 34 cargoes and its Corpus Christi terminal shipped 23 cargoes, while the Freeport LNG terminal shipped 20 cargoes and Sempra’s Cameron LNG plant shipped 19 cargoes during the month under review.
Venture Global’s Calcasieu plant sent 14 cargoes, the Cove Point LNG terminal dispatched 7 shipments and Elba Island LNG sent 2 cargoes.
Average price at 6.32/MMBtu
According to DOE’s report, the average price by export terminal reached 6.32/MMBtu in June, and this compares to 7.09/MMBtu in June 2023, while the average price was 5.41/MMBtu in May, 5.25/MMBtu in April, $5.47/MMBtu in March, $6.31/MMBtu in February, and 6.63/MMBtu in January this year.
The most expensive average price in June comes from Venture Global’s Calcasieu Pass terminal and it reached $9.09/MMBtu.
Prices at other facilities ranged between $4.73-$6.39/MMBtu, the data shows.