US LNG exports flat for two weeks running

Exports of liquefied natural gas from Cheniere’s Sabine Pass LNG export facility in Louisiana remained flat the second week in a row. 

According to the report by the Energy Information Administration (EIA), the facility shipped four vessels with a total capacity of 14.7 billion cubic feet during the week ending Wednesday, December 20.  In terms of volume, it is only 0.1 Bcf below the previous week’s figures.

However, one tanker with the LNG carrying capacity of 3.6 Bcf was loading at the terminal on Wednesday, in comparison to two vessels in the week before.

Natural gas pipeline deliveries to Sabine Pass averaged 3.0 Bcf/d for the week ending December 20, as compared to 3.1 Bcf the week before.

EIA noted the progress Cheniere made on its Corpus Christi liquefaction project in Corpus Christi Bay in Texas, that has reached 77.4 percent completion.

It also commented that the remoteness of the Novatek-led Yamal LNG project in the Russian Arctic, that shipped its first cargo, could prove costly due to harsh conditions, despite the project claiming to have the “some of the lowest natural gas feedstock costs in the world (at $0.38 per million British thermal units (MMBtu)”