Europe continues to be main destination for US LNG shipments

France was the top destination for US liquefied natural gas (LNG) supplies for the second straight month in November as Europe continues to receive the majority of volumes produced at US liquefaction plants, according to the Department of Energy’s newest monthly report.

The DOE report shows that US terminals shipped 58.9 Bcf of LNG to France in November, 47.6 Bcf to the United Kingdom, 36.2 Bcf to the Netherlands, 31.2 Bcf to Turkiye, and 26.1 Bcf to South Korea.

These five countries took 51.8 percent of total US LNG exports in November.

In October, France was also the top destination for US LNG exports.

Prior to this, the Netherlands was the top destination for US LNG supplies for five months in a row.

The Netherlands was the number one destination for US LNG supplies during January-November last year and the country is followed by France, the UK, Japan, Spain, South Korea, Germany, Italy, China, and India, the DOE data shows.

US LNG exports rise 28 percent

The US exported in total 386.2 Bcf of LNG in November to 28 countries, up by 28 percent compared to the same month last year and down 1 percent from the prior month, the DOE report shows.

Europe received 267 Bcf, or 69.1 percent, of these volumes, Asia received 101.4 Bcf, or 26.3 percent, and Latin America/Caribbean received 17.8 Bcf, or 4.6 percent.

US terminals shipped 124 LNG cargoes in November, the same as in the prior month.

Cheniere’s Sabine Pass plant sent 42 cargoes and its Corpus Christi terminal shipped 18 cargoes, while the Freeport LNG terminal shipped 19 cargoes and Sempra’s Cameron LNG plant sent 23 shipments during November.

In addition, Venture Global’s Calcasieu plant sent 13 cargoes, Elba Island LNG sent 3 cargoes, and Cove Point LNG dispatched 6 shipments.

5508 cargoes

According to DOE’s report, the average price by export terminal reached 7.23/MMBtu in November and 7.35/MMBtu in the January-November period.

Moreover, the report said that in the period from February 2016 through November 2023, the US exported 5508 cargoes or 17,514.2 Bcf to 41 countries.

The DOE data shows that South Korea remains the top destination for US LNG with 568 cargoes, followed by Japan with 445 cargoes, France with 442 cargoes, the UK with 421 cargoes, and Spain with 417 cargoes.

Besides these five countries, the Netherlands, China, India, Turkiye, and Brazil are in the top ten as well.

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