LNG: US LNG Cargo Export Numbers Unchanged Last Week
Aug-30 09:17
The number of US LNG export cargoes remained unchanged last week at 26, according to the EIA while feedgas flows to US LNG export terminals decreased slightly in the week.
- Total capacity of the vessels was at 98bcf compared to 99bcf last week based on Bloomberg data.
- Average natural gas deliveries to US LNG export terminals were down 0.2bcf/d to 12.7bcf/d, according to S&P Global Commodity Insights data.
- Natural gas deliveries to terminals in South Louisiana increased by 1.9% (0.2bcf/d) to 7.7bcf/d while deliveries to South Texas fell by 8.9% (0.4bcf/d) to 4.0bcf/d amid Freeport disruption.
- US LNG export terminal feedgas flows are estimated at 12.81bcf/d today, according to Bloomberg after falling to a low of 11.0bcf/d earlier this week due to an interruption in gas supply to Freeport’s pre-treatment facility.
- Asia continues to be the premium market for US LNG until at least Feb 2025, according to BNEF. For October delivery, profitability of US LNG exports to Asia is $10.66/mmbtu and to Europe is $9.60/mmbtu.
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CROSS ASSET: Bonds and rates
Jul-31 08:58
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