Attention has fixed on the rotation of US cargoes from Europe to Asia, but a third destination has been quietly absorbing Atlantic supply. Counted by sailing date, US terminals despatched 20 cargoes to Egypt in June, double May's ten and the most in any month on record.
TotalEnergies has shipped the first LNG cargo from ECA LNG Phase 1 in Mexico to Asia, marking a commissioning milestone for the 3.25 mtpa Pacific-facing terminal, feed with U.S. natural gas delivered by pipeline from Permian Basin.
More than forty Qatari LNG carriers, some 3.4mmt of carrying capacity, waiting in- and outside Hormuz, eager to follow Disha’s open crossing. Vessels are not the constraint. The strait and the offline Ras Laffan trains are.
The Al Fat'h, loaded at Plaquemines on 3 June, is holding course for Guangdong, having switched its declared destination from Huizhou to neighbouring Shenzhen. “Read that cautiously,” our data analytics editor Alex Wilk warns.
At least four LNG tankers have transited through the Strait of Hormuz in recent days, setting sail to Pakistan, India and China, after being held back for almost three months.
An LNG tanker loaded at ADNOC’s Das Island terminal has exited the Strait of Hormuz and is now on route to India. The most likely buyer is Indian Oil Corp, the counterparty to ADNOC’s latest long-term supply agreement.
Shipments from Canada’s LNG Canada plant surpassed 1 million metric tons in April, marking a new monthly record, according to LSEG data, as the $40‑billion facility is ramping toward its full design capacity. All cargoes set sail to Asia, mainly South Korea.
The first LNG cargo from Golden Pass, Texas, is on route to Belgium’s Zeebrugge terminal which the carrier Al Qa’aiyyah is signalling as its destination. Loaded by QatarEnergy, as part of its Golden Pass equity quota, the cargo has likely been purchased by Eni.
PetroChina’s trading division strives to enhance the flexibility of its LNG portfolio by adding US LNG, which comes without destination clauses. This offers room for re-sale, compared to deliveries under long-term countries from countries like Qatar.