The US Department of Energy has just published its latest liquefied natural gas export data illustrating the price differences and proportion of spot cargoes as well as other details of shipments from the four liquefaction plants in operation in May.
Since US LNG exports began more than three years ago in February 2016, the DoE said a total of 793 cargoes had been shipped on LNG carriers through May 2019 to 36 different countries. The average cargo amounted to 3.28 billion cubic feet.
Th US also sends regular ISO containers by cargo ship to the Caribbean nations of Barbados, the Bahamas and Haiti.
The top five countries by destination in May for LNG cargoes, representing 53.4 percent of the total US exports for the month, were: Mexico (20.2 Bcf, six cargoes), South Korea (18.1 Bcf), Spain (14.3 Bcf), India (13.9 Bcf), and the Netherlands (10.7 Bcf).
A total of 46 conventional cargoes were delivered in May compared with 42 in April, with 33 departing from Cheniere Energy’s Sabine Pass in Louisiana, seven from Cheniere’s Corpus Christi facility in Texas, five from Dominion Energy’s Cove Point and one from the newest plant, Sempra Energy’s Cameron LNG at Hackberry in Louisiana.
The top 10 nations receiving shipments since they started in February 2016 and continuing through May 2019 were: South Korea with 138 cargoes, Mexico with 120, Japan 70, China 65, India and Chile each with 40, Brazil, Jordan and Spain each with 29 and Turkey was in 10th place with 23 cargoes.
Among other leading European natural gas nations, the UK has received 22 shipments since February 2016, France 21 and the Netherlands 16.
The number of spot cargos totaled 434.0 Bcf, or 16.7 percent, of the 2,604.9 Bcf that has departed US shores since February 2016.
Prices of shipments from the Sabine Pass export point ranged from a low of $2.95 per million British thermal units compared to the highest price of $6.12 per MMBtu.
Among nations who paid the lowest price of $2.95 per MMBtu for Sabine Pass shipments were South Korea, Chile, India and Mexico.
The highest price for a Sabine Pass shipment was paid by Brazil and Argentina for a split cargo lifted on May 1 by the 152,000 cubic metres capacity carrier “Seri Balquis”.
Brazil also paid the next highest price at $5.95 per MMBtu for a shipment lifted on May 6 by the 160,000 cubic metres capacity vessel, the “Cool Runner”.
Spain also paid $5.95 per MMBtu for a shipment loaded on May 17 into the 150,300 cubic metres capacity “LNG Jurojin”.
Prices at the export point of the seven short-term shipments from Cheniere’s Corpus Christi plant in Texas ranged from a low of $3.45 per MMBtu (shipped to the Netherlands) to a high of $4.51 per MMBtu (delivered to Argentina).
Prices of the five shipments from Dominion Energy’s Cove Point facility in Maryland were the highest from the four plants. They ranged from a low of $6.18 per MMBtu to a highest price of $7.82 per MMBtu.
Japanese buyers paid $7.82 per MMBtu and $7.44 per MMBtu for two shipments delivered by the Cove Point tolling agreement holders, Sumitomo Corp and Tokyo Gas.
Three cargoes were shipped by the other tolling agreement holder, India’s GAIL Global LNG, with a Spanish buyer paying $6.24 per MMBtu while Thailand and an Indian buyer each paid $6.18 per MMBtu for cargoes.
The one Cameron LNG cargo in May was delivered to the French import terminal at Dunkirk on board the 177,000 cubic metres capacity vessel “Marvel Crane” at a cost $7.11 per MMBtu at the export point.
Other US LNG exports in May were shipped in ISO containers to Barbados and the Bahamas. In total eleven ISO containers were delivered in the month.
These two countries paid the same price of $10 per MMBtu. The Bahamas received six containers from the small-scale Haileah liquefaction plant in Florida and Barbados received five shipments from the facility.