Monthly US LNG Exports (MMt)

Friday, 03 March 2023
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Period between 01 January 2023 and 28 February 2023, inclusively. 

Elba Island LNG

Elba Island LNG produced flat out and exported a total of six cargoes amounting to 0.45mmt in January and February, up 7pct from the 0.42mmt during the November-December period. Elba Island’s capacity utilisation, therefore, stood at 108pct for the January-February period compared to 101pct during the previous report period. Notably, none of these January-February shipments went to the Pacific whilst all went to Europe.

Calcasieu Pass LNG

Calcasieu Pass LNG increased its period-on-period exports. The plant shipped 1.53mmt during the reporting period, up 1.33mmt (15pct) from 1.33mmt during the November-December period. Capacity utilisation thus also moved up by 12pp from 80pct in November-December to 92pct in January-February. The bulk of Calcasieu Pass shipments have sailed for Europe during the reporting period.

Cameron LNG

Exports from Cameron LNG saw negative period-on-period growth. The plant shipped 2.79mmt in January-February, down 0.45mmt (14pct) from the 3.24mmt recorded during the previous period of November-December. Cameron LNG thereby operated at an average utilisation of 124pct during the reporting period, down 20pp from November-December.

Cove Point LNG

Cove Point LNG also saw exports decrease significantly by 0.26mmt (23pct) to 0.84mmt in January-February from 1.11mmt during the previous period of November-December. In January-February, the plant thus maintained output at below nameplate capacity. Accordingly, utilisation in January and February averaged 88pct, down 28pp from 116pct during the previous period.

Freeport LNG

Freeport LNG returned to the market in February with exports amounting to 0.29mmt, pegging annualised utilisation for the current report period at 13pct. The plant’s restart had been delayed several times in 2022 as regulators imposed a catalogue of new safety requirements on the operator. Freeport LNG was shut down in June 2022 due to a fire incident. At the time of writing, the Cool Voyager was preparing to dock at the plant for Freeport’s sixth cargo loading since mid-February.

Corpus Christi LNG

Corpus Christi LNG saw continued production at above nameplate capacity. Period-on-period exports were up by 0.19mmt (7pct) compared to the previous report period of November-December. The plant shipped 2.81mmt during January and February, pegging average utilisation at 112pct, up 7pp from the previous period. At the time of writing, the GasLog Warsaw was in the process of loading a cargo whilst the Point Fortin was waiting at the Corpus Christi anchorage.

Sabine Pass LNG

Sabine Pass LNG’s exports stood at 5.36mmt for the current report period, pegging capacity utilisation at 129pct. The shipped volumes during January-February thus remained broadly steady period-on-period, down only marginally by 1pct from the 5.39mmt exported during November and December. Sabine Pass’ continued high export levels were underpinned by demand in Europe. The plant was loading cargoes onto the GasLog Glasgow, the Magdala and the GasLog Seattle at the time of writing.

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