US LNG exports to Turkey surge

Turkey was the top destination in February for US LNG exports, 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 43.7 Bcf of LNG to Turkey in February, followed by France (39.6 Bcf), Spain (39.4 Bcf), the Netherlands (31.6 Bcf), and South Korea (27.5 Bcf).

These five countries took 57.5 percent of total US LNG exports in February.

In total, the US has exported 316.4 Bcf of LNG in February, down by 10.5 percent compared to the prior month but a 51.9 percent rise year-on-year, the report shows.

US terminals shipped 93 LNG cargoes in February, compared to 108 in January and 64 in February 2021.

Cheniere’s Sabine Pass plant sent 33 cargoes while its Corpus Christi terminal shipped 20 cargoes in February.

In addition, Cameron sent 16 cargoes and Freeport dispatched 15 shipments, followed by Cove Point with six cargoes, and Elba Island with three.

According to the report, the weighted average price by export terminal reached 9.79/MMBtu in February.

Moreover, the report said that in the period from February 2016 through February 2022, the US has exported 3,001 cargoes or 10,406 Bcf to 42 countries.

South Korea remains the top destination for US LNG with 425 cargoes, followed by Japan with 309 cargoes, and China with 258 cargoes.

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

Most Popular

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

Atlantic LNG shipping rates climb this week

Atlantic spot LNG shipping rates rose this week, whilst European prices dropped compared to last week.

US LNG exports increase to 30 cargoes

US liquefied natural gas (LNG) plants shipped 30 cargoes during the week ending July 16. According to the Energy Information Administration, pipeline deliveries to the LNG terminals rose compared to the prior week.

GECF: LNG imports surge in June

Global liquefied natural gas (LNG) imports surged by 9.4 percent year-on-year in June, marking the strongest annual increase since November 2022, the Gas Exporting Countries Forum said in its latest report.

Atlantic LNG shipping rates dip, European prices up

Atlantic spot LNG shipping rates decreased this week, marking the largest week-on-week decline since January.