U.S. weekly LNG exports continue to decline

The United States exported less liquefied natural gas cargoes in the week ending May 20 when compared to the week before, according to the Energy Information Administration.

The agency said in its weekly gas natural gas report that five US terminals dispatched ten LNG shipments between May 14 and May 20.

The total capacity of the LNG vessels carrying these cargoes is 37 billion cubic feet.

This compares to eleven tankers with a combined LNG-carrying capacity of 40 billion cubic feet the week before which was also a lower number compared to the week prior to that.

Out of the ten LNG shipments during the week ending this Wednesday, Cheniere’s Sabine Pass plant in Louisiana shipped four cargoes while an additional one shipment left the company’s Corpus Christi terminal in Texas.

The Sempra-led Cameron LNG facility exported three shipments during the week under review.

The Freeport LNG terminal in Texas and Dominion’s Cove Point liquefaction plant in Maryland exported one cargo, each.

EIA said that this LNG export volume is the lowest since the week of October 17, 2019.

Customers have canceled dozens of US LNG cargoes due to global demand destruction hit by the coronavirus pandemic, recent reports said.

The amount of gas flowing to US LNG export plants dropped to 6.2 billion cubic feet during the week under review from the 7.1 bcfd recorded the week before.

The Henry Hub spot price rose from $1.56 per million British thermal units last Wednesday to $1.83/MMBtu recorded this Wednesday, EIA data shows.

Most Popular

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Germany, Egypt seal FSRU charter deal

Germany's Ministry for Economic Affairs and Energy has signed a deal with Egypt's state-owned EGAS to charter the 174,000-cbm FSRU Energos Power.

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.

More News Like This

Atlantic LNG shipping rates slightly down, European prices climb

Atlantic LNG freight shipping rates rose above $40,000 per day this week, while European prices decreased compared to last week.

US LNG exports drop to 27 cargoes

US liquefied natural gas (LNG) plants shipped 27 cargoes during the week ending May 7. According to the Energy Information Administration, pipeline deliveries to the LNG terminals decreased compared to the prior week.

Atlantic LNG shipping rates rise above $40,000 per day

Atlantic LNG freight shipping rates rose above $40,000 per day this week, while European prices decreased compared to last week.

US LNG exports climb to 30 cargoes

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