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Monthly LNG exports hit record high

Natural gas pipeline flows to the Cheniere’s Sabine Pass liquefaction terminal averaged 1.6 Bcf/d for the report week, 1% higher than flows last week, EIA said.

“Three vessels (combined LNG-carrying capacity of 10.5 Bcf) departed Sabine Pass last week, and one vessel (3.8 Bcf) is currently loading at the terminal.”

The Sabine Pass plant in Louisiana exported twelve LNG cargoes in December, setting a new record for U.S. monthly exports, EIA confirmed last week’s report by Bloomberg.

Previously, Sabine Pass monthly exports were the highest in November, with ten cargoes leaving the facility.

However, EIA said that eight LNG cargoes were shipped in December from Sabine Pass to Asia, not ten as the report said.

Cold winter temperatures and increasing spot LNG prices in the region supported demand for additional LNG imports, the agency noted in the report.

Cheniere started exports from the Sabine Pass liquefaction plant, currently the only such facility to ship U.S. shale gas overseas, in February last year with the majority of cargoes landing in Latin America.

The U.S. is expected to become the world’s third-largest LNG supplier by 2020 with an export capacity of 60 million mt coming from five export terminals.
 
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Autor (Datum des Eintrages): R-BgO  (16.01.17 10:56:34)
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