US LNG exports return to growth in June 24-30
US gas exports in LNG form increased by 14bn ft3 in the week ending June 30 to 76bn ft3 compared with the previous seven days, the US Energy Information Administration (EIA) reported on July 1.
The LNG left for the foreign market on 21 vessels. Seven left from the Sabine Pass terminal and three left from Cameron, both in Louisiana. Five left from Corpus Christi and four from Freeport, in Texas, while one each left from the Cove Point facility off Maryland and from Elba Island off the coast of Georgia.
|
Advertisement: The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business. |
The EIA this week also provided a snapshot of previous export trends. Globally, trade in LNG last year was essentially flat from 2019 levels, with the two years combining to average 46.8bn ft3/d of gas in LNG form. That static flow came as only two countries, the US and Australia, posted increases in LNG exports last year.
Using data from IHS Markit, EIA reported that weekly net imports from Canada increased by 4.8% from the previous reporting week, while natural gas exported to Mexico decreased by 7.7%. That decline was largely due to planned maintenance on compressor stations and a cross-border pipeline.
Spot prices for natural gas continued their upward trajectory. The Henry Hub spot price jumped from $3.33/mn Btu on June 23 to $3.72/mn Btu on June 30.