U.S. liquefied natural gas (LNG) export prices increased 16.5% in May, despite a continued decline in delivered volumes, Kallanish Energy reports.
According to the latest monthly data from the U.S. Department of Energy, the delivered weighted average price for U.S. LNG was $5.23 per million British thermal units (MmBtu) in May. This represents an increase of $0.74 over April’s $4.49/MmBtu prices.
In terms of volumes, LNG plants exported a total of 182.2 billion cubic feet (Bcf) in May – which is 13.4% lower than in April, when exports reached 210.4 Bcf. However, the volume is 25.9% higher than May 2019.
Spain was the top destination for LNG produced in the U.S., importing 29.3 Bcf. South Korea took 20.9 Bcf of supercooled fuel, while China overtook Japan, importing 14.5 Bcf versus 13.7 Bcf delivered in Japan. The fifth- largest importer of U.S. LNG in May was Chile, with cargoes amounting to 11.1 Bcf.
Some 57 cargoes left exporting terminals across the country, compared with 62 in April and 46 in May 2019. The Sabine Pass terminal remained the largest exporting facility, shipping 25 cargoes in the month.
Exports by Terminal
Source: Department of Energy
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