US LNG exports pick up the pace
US LNG exports increased in the week ending June 2, with 21 cargoes leaving port versus 18 in the previous seven-day period, the US Energy Information Administration (EIA) reported on June 3.
Between May 27 and June 2, seven vessels laden with LNG left the Sabine Pass terminal in Louisiana, while four each left from Cameron and Freeport, three from Corpus Christi, two from the Cove Point facility off Maryland and one from Elba Island off the coast of Georgia.
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Combined, total export volumes clocked in at 76bn ft3. During the previous week, 67bn ft3 of LNG left US ports.
Dry natural gas production also increased over the reporting period. At 92.6bn ft3/d on average, production was the highest it has been since the second week of April 2020.
Natural gas consumption increased across residential and commercial sectors. Using data from IHS Markit, EIA reported that cooler-than-expected weather during the long Memorial Day holiday weekend led to a 24% increase in gas consumption from those sectors. Consumption from industry dropped 2.7% week on week.
Imports of piped gas from Canada, meanwhile, increased 13.5% from the previous week.