Monthly US LNG Exports (MMt)

Tuesday, 05 July 2022
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Period between 01 May 2022 and 29 June 2022, inclusively. 

Elba Island LNG

Elba Island LNG reduced utilisation from full-scale in March-April to 75pct in May-June to date. Elba Island’s capacity utilisation, therefore, was down 33pp for the report period compared to 108pct during the previous report period. The plant exported a total of four cargoes amounting to 0.31mmt, down 31pct in volume terms from the 0.45mmt of the May-June period. Notably, none of these shipments went to the Pacific as all its cargoes went to France, the Netherlands and Spain. At the time of writing, the plant was not in the process of loading a cargo.

Calcasieu Pass LNG Exports from Calcasieu Pass LNG continued to ramp up during the report period. The plant shipped 1.13mmt in May-June. Calcasieu Pass LNG thereby operated at an average utilisation of 68pct during the report period, up 47pp from March-April. The bulk went to Europe, led by Poland. At the time of writing, the plant was not in the process of loading a cargo.

Cameron LNG

Exports from Cameron LNG saw negative period-on-period growth. The plant shipped 2.23mmt in May-June, down by 0.42mmt (-16pct) from the 2.65mmt recorded during the previous period of March-April. Nevertheless, Cameron LNG still operated at an average utilisation of 99pct during the report period, down 19pp from March-April. At the time of writing, the plant was not in the process of loading a cargo.

Cove Point LNG

Cove Point LNG saw exports increase by 0.07mmt (8pct) to 0.97mmt in May-June from 0.90mmt during March-April. In May-June, the plant thus raised output to nameplate capacity. Utilisation in May-June averaged 101pct, up 7pp from 94pct during the previous period. At the time of writing, the plant was not in the process of loading a cargo.

Freeport LNG

Freeport LNG saw production plummet in May-June due to a fire and subsequent outage in early June. Exports were down by 0.46mmt from 2.23mmt at the end of April to 1.77mmt by the end of June, pegging annualised utilisation for the current report period at 76pct. The plant still had four cargoes amounting to 0.30mmt in transit as of 29 June. The bulk of exports had gone to European buyers.

Corpus Christi LNG

Corpus Christi LNG saw production remain broadly steady period-on-period, with the likelihood of growth by end of day on 30 June. At the time of writing, exports were down slightly by 0.02mmt (-1pct) compared to the previous report period of March-April. The plant shipped 2.42mmt during May-June, pegging average utilisation at 97pct, down 2pp from the previous period. At the time of writing, the Orion Sea was in the process of loading a cargo.

Sabine Pass LNG

Sabine Pass LNG’s exports stood at 5.00mmt for the current report period, pegging capacity utilisation at 120pct. This was down 0.56mmt from the 5.56mmt exported during March-April. 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. The plant was in the process of loading a cargo onto the Pan Americas at the time of writing.

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