Period between 1 May and 30 June, inclusively.
Elba Island LNG
Elba Island LNG exported five cargoes amounting to 0.36mmt in May and June, broadly steady in volume terms compared to the 0.35mmt of the March-April period. Unlike in March-April, however, only one of these went to Europe – the Netherlands’s Maasvlakte terminal – whilst the remaining four cargoes went to the Pacific, including one to China and one to Chile. Elba Island’s capacity utilisation, therefore, stood at 87pct for the May-June period.
Cameron LNG
Exports from Cameron LNG slowed their period-on-period growth to accrue broadly steady exports. The plant shipped 2.07mmt in May-June, down slightly by 0.03mmt (-1pct) from the 2.10mmt recorded during the previous period of March-April but still considerably higher than the 1.82mmt seen at the beginning of the year. Cameron LNG thereby operated at a stable average utilisation of 92pct over the report period, although above nameplate output in May masked considerably lower utilisation of 73pct in June.
Cove Point LNG
Cove Point LNG saw exports recover to 0.94mmt in March-April after they had decreased noticeably to 0.75mmt during the previous period of January/February. In May-June, the plant held on to most of that productivity gain with shipments totalling 0.90mmt. Accordingly, utilisation between May and June averaged 94pct. At the time of writing, the plant was loading a cargo onto the British Listener.
Freeport LNG
Freeport LNG continued to see production improve significantly in May-June from 2.29mmt at the end of April to 2.40mmt by the end of June, pegging annualised utilisation for the current report period at 103pct. The plant still had 11 cargoes amounting to 0.73mmt in transit as of 2 July, most of which are expected to arrive in China and Japan. At the time of writing, the plant was loading a cargo onto the Tristar Ruby.
Corpus Christi LNG
Helped by new capacity, Corpus Christi LNG saw shipments increase over the previous report period of March-April. The plant shipped 2.41mmt during May and June, pegging average utilisation at 107pct. However, the plant’s exports have decreased by 0.15mmt month-on-month, mainly on account of less demand in Europe and the Far East. At the time of writing on 2 July, the Celsius Canberra, the Cool Discoverer and the Cool Race were waiting at the Corpus Christi anchorage whilst the plant was not in the process of loading cargo.
Sabine Pass LNG
Sabine Pass LNG’s exports stood at 4.03mmt for the current report period, pegging capacity utilisation at 97pct. This was down 8pct from the 4.40mmt exported during March and April. That decrease was once again driven by less apparent demand in South Korea and China in June (there were still 0.47mmt of cargo with undeclared destinations in the Pacific), which weighed on overall period performance. Exports to Northern Europe were also drastically reduced in June. The plant was loading cargoes onto the Adam LNG and the Ribera del Duero Knutsen at the time of writing.
