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.

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