Period between 01 January 2022 and 28 February 2022, inclusively.
Elba Island LNG
Elba Island LNG produced flat out and exported a total of six cargoes amounting to 0.42mmt in January and February, up 30pct in volume terms from the 0.33mmt of the November-December period. Notably, none of these January-February shipments went to the Pacific whilst four cargoes went to Europe and one each to the Rio de Janeiro FSRU in Brazil and SPEC LNG in Colombia. Elba Island’s capacity utilisation, therefore, stood at 101pct for the January-February period compared to 79pct during the previous report period.
Elba Island LNG
Elba Island LNG produced flat out and exported a total of six cargoes amounting to 0.42mmt in January and February, up 30pct in volume terms from the 0.33mmt of the November-December period. Notably, none of these January-February shipments went to the Pacific whilst four cargoes went to Europe and one each to the Rio de Janeiro FSRU in Brazil and SPEC LNG in Colombia. Elba Island’s capacity utilisation, therefore, stood at 101pct for the January-February period compared to 79pct during the previous report period.
Cove Point LNG
Cove Point LNG saw exports increase slightly to 1.04mmt (4pct) in January-February from 1.00mmt during November-December. In January-February, the plant thus maintained output at above nameplate capacity. Accordingly, utilisation in January and February averaged 109pct, up 5pp from 104pct during the previous period.
Freeport LNG
Freeport LNG was one of the two US LNG plants that saw production decrease in January-February from 2.48mmt at the end of December to 2.28mmt by the end of February, pegging annualised utilisation for the current report period at 98pct. This period-on-period decrease nonetheless still meant the plant produced at almost nameplate capacity. The plant still had nine cargoes amounting to 0.55mmt in transit as of 3 March. It was in the process of loading a cargo onto the GasLog Sydney at the time of writing.
Corpus Christi LNG
Underpinned by new capacity, Corpus Christi LNG saw continued production at above nameplate capacity. Nevertheless, period-on-period exports were down by 0.08mmt (-5pct) – roughly equivalent to one cargo – compared to the previous report period of November-December. The plant shipped 2.57mmt during January and February, pegging average utilisation at 103pct, down 3pp from the previous period. At the time of writing, the Point Fortin was in the process of loading a cargo whilst the SK Audace was waiting at the Corpus Christi anchorage.
Sabine Pass LNG
Sabine Pass LNG’s exports stood at 4.77mmt for the current report period, pegging capacity utilisation at 115pct. This was up 4pct from the 4.57mmt exported during November and December. That increase was once more driven by higher demand in Europe, unlike during previous reports when it was the Pacific Basin that drove demand for Sabine Pass gas. Exports to South Europe had a slight edge over shipments to North Europe, buoyed by exports to Turkey and Spain. In North Europe, demand for Sabine Pass cargoes was driven by the United Kingdom. Overall, shipments to the Far East constituted only about 16pct of those headed to Europe and the Atlantic Basin. The plant was loading cargoes onto the LNG Endeavour and the K. Mugungwha at the time of writing.
