US LNG price and cargo data shows German deliveries halved after winter but gas still flows to rest of Europe
The US Department of Energy has published its latest LNG export data showing that shipments to Germany halved when the winter season ended and during 2023 US export facilities delivered 21 shipments to German import terminals through April 2023, while the UK, Spain and France extended their lead over China as cargo destinations.
US LNG data shows Brazil and UK back in top recipients list as Freeport overtakes Sabine on prices
The US Department of Energy has just published its latest liquefied natural gas export data illustrating the development of seasonal price differentials for the various plants with Freeport LNG in Texas overtaking Sabine Pass in Louisiana on year-to-date prices, while Brazil and the UK found their way back into the top five of monthly recipients.
US LNG data shows Pakistan joining India as a top monthly recipient as Indians overtake UK overall
The US Department of Energy has just published its latest liquefied natural gas export data illustrating the development of seasonal price differentials for the various plants, while Pakistan joined India in the top five of monthly recipients and the Indians overtook the UK in the overall totals.
US cargo prices declined in September to an average of $5.35 per million British thermal units from $5.55 per MMBtu in the previous month, according to the DoE November report.
The proportion of spot cargoes compared with the contracted and other tolling-based deliveries has declined in 2020.
The number of overall spot cargoes dropped in September to 8.4 percent from 8.6 percent in the previous month. The total volumes shipped since February 2016 came to 5,369.2 Bcf of which 449.6 Bcf were spot shipments.
The average year-to-date prices for each plant (from the export point) from highest to lowest in September 2020 were: Cove Point (Maryland) $6.33 per MMBtu, Cameron (Louisiana) $5.70 per MMBtu, Sabine Pass (Louisiana) $4.97 per MMBtu, Freeport (Texas) $4.80 per MMBtu,, Corpus Christi (Texas) $4.29 per MMBtu and Elba Island (Georgia) $4.22 per MMBtu (just four cargoes shipped by September since December 2019).
Since US LNG exports began more than four years ago in February 2016, the DoE said a total of 1,650 cargoes (5,367 billion cubic metres), had been shipped on LNG carriers and 526 in ISO containers through September 2020 to 38 different countries, including to four nations in the Caribbean who receive ISO containers.
The top five countries of destination represented 52.3 percent of total US LNG exports in September 2020 and Pakistan joined India in this group.
The top five destinations for cargoes in September were: South Korea (32.1 billion cubic feet – nine cargoes); Spain (15.2 Bcf – five cargoes); China (11.2 Bcf – three cargoes); India (10.5 Bcf – three cargoes) and Pakistan (9.9 Bcf – three cargoes).
A total of 45 cargoes were shipped in September compared with 36 in August and 50 shipments in September 2019.
The list of the Top 10 countries of destination overall since 2016 through September 2020 showed two Asian nations, South Korea and Japan leading, ahead of Mexico and Spain respectively.
The Top 10 recipients of US LNG by numbers of cargoes, are: 1) South Korea 252 cargoes. 2) Japan 162. 3) Mexico 153. 4) Spain 118. 5) China 90. 6) India 80. 7) UK 79. 8) Chile 79. 9) France 63 and 10) Brazil 55.
The Sabine Pass plant overtook the Cameron facility that briefly became the US volume leader in August with 11 cargoes before being closed by a hurricane at the end of that month.
With Cameron out of action, the September cargoes came from Sabine Pass (18) Corpus Christi (11), Freeport (10), Cove Point (5) and Elba Island (1).
The average year-to-date price of US LNG through September 2020 dropped to $5.11 per MMBtu versus August’s $5.36 per MMBtu.
Shipments from the Cove Point plant were the most expensive in September and cost an average of $6.90 per MMBtu ($6.17 per MMBtu in August).
Prices of shipments from the Sabine Pass export point in September averaged $5.32 per MMBtu ($4.89 per MMBtu in August).
Prices at Corpus Christi in September averaged $4.43 per MMBtu ($3.73 per MMBtu in August).
The Freeport facility posted average September prices of $5.58 per MMBtu ($5.86 per MMBtu in August).
The Elba Island plant shipped one cargo in September as well as one in August and the latest was just its fourth overall. The September prices was $3.70 per MMBtu.
The US also sends regular ISO containers by cargo ship to the Caribbean nations of Barbados, the Bahamas and Haiti.
In September, a total of 18 containers were delivered versus 19 in August. The recipients were Bahamas 10, Haiti four and Barbados four, while no ISO containers reached Jamaica in September.
US LNG export data shows UK advance and Freeport and Cameron plants with higher prices
The US Department of Energy has just published its latest liquefied natural gas export data illustrating the price differences and proportion of spot cargoes as well as other shipment details from the six liquefaction plants in full commercial operation.
