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LNG: US LNG Export Cargoes Fell to 23 in Week Ahead of Francine Arrival

LNG

The number of US LNG export cargoes fell to 23 in the week to Sept. 11, according to the EIA, ahead of the arrival of Hurricane Francine in Louisiana as a Category 2 hurricane.

  • US exported 25 cargoes the previous week. Total capacity of the vessels was at 87bcf compared to 94bcf last week based on Bloomberg data.
  • Average natural gas deliveries to US LNG export terminals increased 0.3bcf/d to 13.4bcf/d, according to S&P Global Commodity Insights data.
  • Natural gas deliveries to terminals in South Louisiana increased by 0.2% (less than 0.1bcf/d) to 8.0bcf/d while deliveries to South Texas increased 3.8% (0.2bcf/d) to 4.4bcf/d.
  • Gas flows to the seven operational US LNG export plants has remained relatively unchanged since Wednesday at 11.9bcf/d today, according to BNEF. Supply to Cameron LNG is still below half normal levels after dropping earlier this week ahead of Hurricane Francine.
  • Asia continues to be the premium market for US LNG until February 2025 with Mar 2025 showing a small premium to Europe, according to BNEF. For October delivery, profitability of US LNG exports to Asia is $10.02/mmbtu and to Europe is $8.49/mmbtu.
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The number of US LNG export cargoes fell to 23 in the week to Sept. 11, according to the EIA, ahead of the arrival of Hurricane Francine in Louisiana as a Category 2 hurricane.

  • US exported 25 cargoes the previous week. Total capacity of the vessels was at 87bcf compared to 94bcf last week based on Bloomberg data.
  • Average natural gas deliveries to US LNG export terminals increased 0.3bcf/d to 13.4bcf/d, according to S&P Global Commodity Insights data.
  • Natural gas deliveries to terminals in South Louisiana increased by 0.2% (less than 0.1bcf/d) to 8.0bcf/d while deliveries to South Texas increased 3.8% (0.2bcf/d) to 4.4bcf/d.
  • Gas flows to the seven operational US LNG export plants has remained relatively unchanged since Wednesday at 11.9bcf/d today, according to BNEF. Supply to Cameron LNG is still below half normal levels after dropping earlier this week ahead of Hurricane Francine.
  • Asia continues to be the premium market for US LNG until February 2025 with Mar 2025 showing a small premium to Europe, according to BNEF. For October delivery, profitability of US LNG exports to Asia is $10.02/mmbtu and to Europe is $8.49/mmbtu.