US weekly LNG exports continue to be low

US LNG exports increased in the week ending August 12 but they still remain at low levels as the Covid-19 pandemic continues to weigh on global prices and demand.

The Energy Information Agency agency said in its weekly gas natural gas report that five US terminals dispatched eight LNG cargoes during the week August 6-August 12.

The total capacity of the LNG vessels carrying these cargoes is 29 billion cubic feet.

This compares to five LNG ships with a combined capacity of 18 billion cubic feet the week before.

The Sempra-led Cameron LNG facility shipped three cargoes while the Dominion Cove Point facility dispatched two shipments in the week under review.

Cheniere’s terminals Sabine Pass and Corpus Christi, and the Freeport facility shipped one cargo, each.

Natural gas deliveries to US LNG export plants increased to 4.4 billion cubic feet during the week under review from the 3.8 Bcf/d recorded the week before, EIA data shows.

Furthermore, the Henry Hub spot price dropped from $2.18 per million British thermal units last Wednesday to $2.06/MMBtu recorded this Wednesday.

EIA said earlier this week the agency expects US LNG exports to remain at low levels during the next two months due to low prices and the Covid effects on demand.

The agency estimates that buyers cancelled 46 US LNG cargoes in June and about 50 cargoes in July.

The most affected LNG terminals were Sabine Pass in Louisiana and Corpus Christi and Freeport in Texas, where the utilization of liquefaction capacity in July averaged 33%, 28%, and 6%, respectively, it said.

- Advertisements -

Most Popular

Shell to shrink executive committee

LNG giant Shell is to reduce the size of its executive committee from nine to seven members in a...

Tellurian secures one more month to fulfill Gunvor LNG supply deal

Tellurian, the developer of the Driftwood LNG export project in Louisiana, has secured one more month to meet the...

Greece backs Motor Oil’s FSRU project

Greece is backing the construction of Motor Oil's planned Dioriga Gas FSRU project near Corinth worth about 340 million...

More News Like This

US weekly LNG exports up to 25 cargoes

US liquefied natural gas (LNG) exports rose in the week ending January 25 while the Henry Hub spot price...

LNG freight rates continue to drop in both basins

Spot charter rates for the global LNG carrier fleet are continuing to drop in both basins as vessel availability...

US weekly LNG exports drop to 22 cargoes

US liquefied natural gas (LNG) exports dropped in the week ending January 18 while the Henry Hub spot price...

UK was top destination for US LNG supplies in November

The UK was the top destination for US LNG exports in November as Europe continues to receive most of...