Netherlands was top destination for US LNG supplies in August

The Netherlands was the top destination for US LNG exports in August, as Europe continues to receive most of the volumes produced at US liquefaction terminals.

According to the Department of Energy’s newest LNG monthly report, US terminals have sent 50.4 Bcf of LNG to the Netherlands in August, followed by South Korea (36 Bcf), France (33.9 Bcf), Spain (26.1 Bcf), the UK (21.3 Bcf).

These five countries took 55.9 percent of total US LNG exports in August.

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

The Netherlands has recently boosted its LNG import capacity with Gasunie’s new LNG import hub in the port of Eemshaven, adding to the Gate terminal in the Rotterdam port, one of Europe’s main LNG hubs.

US LNG terminals shipped 98 cargoes in August

The US has exported in total 299.9 Bcf of LNG in August, down by 0.1 percent compared to the prior month but up 0.7 percent compared to August 2021, the DOE report shows.

US terminals shipped 98 LNG cargoes in August, compared to 100 in July and 98 in August 2021.

Cheniere’s Sabine Pass plant sent 40 cargoes while its Corpus Christi terminal shipped 19 cargoes in August.

In addition, Cameron dispatched 29 shipments, followed by Cove Point with seven cargoes, and Elba Island with three shipments.

Freeport LNG did not ship any cargoes due to an incident at the facility that took place on June 8.

According to DOE’s report, the weighted average price by export terminal reached 14.88/MMBtu in August.

Moreover, the report said that in the period from February 2016 through August 2022, the US has exported 3,822 cargoes or 12,353 Bcf to 42 countries.

South Korea remains the top destination for US LNG with 467 cargoes, followed by Japan with 342 cargoes, Spain with 300 cargoes, and China with 270 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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