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US LNG Exports Fell In May On Weaker Flows To Europe

LNG

US LNG exports in May fell to 7.66mn tonnes, compared with a record of 8.01mn tonnes in April as plant maintenance reduced some output and while weaker prices in Europe weighed on flows to the continent, Reuters shipping data showed.

  • US LNG exports to Europe fell from 71% of total exports in April to 60.5% in May. Exports to Asia rose to 14% of total shipments in May, up from 12% in April.
  • The share of exports to Latin America rose to 11% last month, up from 6% a month earlier, driven by greater seasonal demand.
  • Scheduled maintenance at Sempra’s Cameron LNG train 2 at the end of April affected some 300,000 tonnes of supply, with the plant restarting on May 22. Maintenance at Cheniere Energy’s Corpus Christi LNG facility was expected to be completed on May 18, but its utilization of feed gas remained at 1.3bcfd as of May 20, compared to typical levels of some 2bcfd, Rystad said.
  • JKM-TTF Jul 23 up 0.1$/mmbtu at 1.93$/mmbtu
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