Monday, December 5 2022 Sign In   |    Register

News Quick Search



Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
Week of Oct 31
By Topic
By News Partner
News Customization


Pro Plus(+)

Add on products to your professional subscription.
  • Energy Archive News

    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    Russian Federation : US LNG exports up in August

    September 23, 2022 - TendersInfo - News


      Export deliveries of liquefied natural gas (LNG) from the US rose slightly in August. However, the shutdown of the second largest US LNG terminal, which began in June, continues to limit the pace of exports.

      This is evidenced by data released on Thursday by Refinitiv Eikon.

      The suspension of the Freeport LNG terminal due to the explosion resulted in a reduction in monthly exports by about 1.6 million tons. Last week, company representatives said that the restart of the terminal, previously scheduled for October, was postponed to a later date. By the end of November, the capacity utilization of the Freeport terminal will reach 85%, and the facility should reach its full capacity in March. The terminal's capacity is 15 million tons per year.

      As Prime notes , restrictions on the pace of LNG exports are helping world prices rise to new record highs in the face of strong demand and a temporary halt in Russian gas supplies to Germany since August 31. Dutch LNG has traded around $77 per MMBtu this week, more than doubling its February levels.

      The US exported 6.25 million tons of LNG in August, up from 6.16 million tons in July, according to Eikon data. The figure is still below the levels observed before the explosion at the Freeport terminal.


    Other Articles - International


       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.