Monthly US LNG Exports (MMt)

Monday, 04 March 2024
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Period between 01 January 2024 and 29 February 2024, inclusively.

Elba Island LNG

Elba Island LNG produced at annualised nameplate capacity utilisation of 95pct and exported a total of five cargoes amounting to 0.39mmt during the report period of January and February. This was down 0.17mmt (-30pct) from the 0.56mmt shipped during the November-December period. Elba Island’s annualised capacity utilisation for the report period, therefore, was also down by 39pp to 95pct from 134pct during the previous report period. Notably, the share of the plant’s January-February shipments that went to Europe stood at 0.23mmt, equating to 59pct of total LNG shipped. Only one cargo went to the Pacific.

Calcasieu Pass LNG

Calcasieu Pass LNG decreased its period-on-period exports. The plant shipped 1.78mmt during the report period, down 0.13mmt (-7pct) from 1.91mmt during the November-December period. Annualised capacity utilisation thus also moved down by 5pp from 101pct in November-December to 96pct in January-February. Almost two thirds of Calcasieu Pass shipments sailed for Europe during the report period with most of that share arriving in the United Kingdom. At the time of writing, the Energy Fidelity was loading a cargo at the plant.

Cameron LNG

Exports from Cameron LNG saw slight period-on-period growth. The plant shipped 2.79mmt in January-February, up 0.06mmt (2pct) from the 2.73mmt recorded during the previous period of November-December. Cameron LNG thereby operated at an annualised capacity utilisation of 114pct for the report period. This was up 5pp from 109pct in November-December. At the time of writing, the BW Pavilion Aranthera was approaching the plant for a cargo loading.

Cove Point LNG

Cove Point LNG increased exports period-on-period, with shipments up by 0.07mmt (7pct) to 1.02mmt in January-February from 0.95mmt during the previous period of November-December. In January-February, the plant thus saw output well above annualised nameplate capacity at 118pct, which was up 10pp from 108pct during the previous period.

Freeport LNG

Freeport LNG significantly reduced its LNG exports during the report period by 0.48mmt (-17pct) with exports amounting to 2.35mmt, pegging annualised capacity utilisation for the January-February period at 93pct. During the previous report period of November-December, Freeport’s LNG exports amounted to 2.83mmt, indicating annualised capacity utilisation of 110pct. Freeport LNG was shut down in early June 2022 due to a fire incident and only resumed exports in mid-February 2023 but ramped up output quickly. At the time of writing, the Bushu Maru was loading a cargo at the plant.

Corpus Christi LNG

Corpus Christi LNG saw production slide once more in January-February after a period-on-period increase in November-December. In January-February, exports were down by 0.34mmt (-13pct) to 2.35mmt from 2.69mmt in November-December. The plant’s January-February shipments of 2.35mmt pegged report period utilisation at 95pct, down 12pp from the previous period. At the time of writing, the Maran Gas Marseille was approaching the plant to load a cargo.

Sabine Pass LNG

Sabine Pass LNG’s exports stood at 5.39mmt for the current report period, pegging capacity utilisation at 109pct, down 6pp period-on-period. The shipped volumes during January-February thus decreased by 0.39mmt (-7pct) from the 5.78mmt exported during November and December. Sabine Pass LNG’s exports continued to be underpinned by shipments to Europe, followed by flows to the Far East and Pacific. The plant was loading LNG onto the Clean Resolution, the Castillo de Merida and the Maran Gas Troy at the time of writing.

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