U.S. liquefied natural gas exports remain at low levels this summer

U.S. liquefied natural gas exports remain at low levels this summer
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

11.08.2020

After establishing a record high of 8.0 billion cubic feet per day (Bcf/d) in January 2020, U.S. exports of liquefied natural gas (LNG) fell to an average of 3.1 Bcf/d in July 2020. July exports were similar to LNG exports in May 2018, when the available liquefaction capacity was about one-third of the current capacity. During the week of July 12–18, 2020, LNG weekly exports were loaded by only four vessels for a total of 2.0 Bcf/d—the same levels as the second week of December 2016. The U.S. Energy Information Administration (EIA) expects U.S. LNG exports to remain at low levels for the next few months. According to trade press reports, 45 cargoes have been canceled for August shipments and an estimated 30 cargoes have been canceled for September shipments.

Full article at eia.gov

Back

news