U.S. weekly LNG exports continue to decline

The United States exported less liquefied natural gas cargoes in the week ending May 20 when compared to the week before, according to the Energy Information Administration.

The agency said in its weekly gas natural gas report that five US terminals dispatched ten LNG shipments between May 14 and May 20.

The total capacity of the LNG vessels carrying these cargoes is 37 billion cubic feet.

This compares to eleven tankers with a combined LNG-carrying capacity of 40 billion cubic feet the week before which was also a lower number compared to the week prior to that.

Out of the ten LNG shipments during the week ending this Wednesday, Cheniere’s Sabine Pass plant in Louisiana shipped four cargoes while an additional one shipment left the company’s Corpus Christi terminal in Texas.

The Sempra-led Cameron LNG facility exported three shipments during the week under review.

The Freeport LNG terminal in Texas and Dominion’s Cove Point liquefaction plant in Maryland exported one cargo, each.

EIA said that this LNG export volume is the lowest since the week of October 17, 2019.

Customers have canceled dozens of US LNG cargoes due to global demand destruction hit by the coronavirus pandemic, recent reports said.

The amount of gas flowing to US LNG export plants dropped to 6.2 billion cubic feet during the week under review from the 7.1 bcfd recorded the week before.

The Henry Hub spot price rose from $1.56 per million British thermal units last Wednesday to $1.83/MMBtu recorded this Wednesday, EIA data shows.