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    US LNG exports up considerably from last week

Summary

An early-December report from the federal government estimates US LNG exports will lead the world next year.

by: Daniel Graeber

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Complimentary, Natural Gas & LNG News, Americas, Liquefied Natural Gas (LNG), Corporate, Import/Export, News By Country, United States

US LNG exports up considerably from last week

A US federal report from December 9 showed total exports of US natural gas in liquid form increased by more than 10bn ft3 from the previous reporting period.

The US Energy Information Administration (EIA) reported that 26 vessels laden with natural gas in liquid form departed domestic export terminals during the week ending December 8. Those vessels carried a combined 95bn ft3, compared with the 84bn ft3 that departed during the week ending December 1.

The total number of vessels leaving export terminals increased by three compared with the previous reporting period. There were 26 vessels loaded with LNG during the week ending December 8. Seven of those left from Sabine Pass and five left from Cameron. Six departed from Freeport and five sailed from Corpus Christi. Two vessels left the Cove Point facility off Maryland and one left from Elba Island off Georgia.

EIA in a December 2 report estimated that once new trains at the Sabine Pass facility in Texas and the Calcasieu Pass terminal in Louisiana start service, US LNG export capacity will be the world’s largest by some point next year.

EIA put nominal baseload liquefaction capacity at 9.5bn ft3/d in November. By the end of 2022, that could reach 11.4bn ft3/d. By 2024, when the Golden Pass terminal in Texas comes on stream, EIA expects peak export capacity will reach an estimated 16.3bn ft3/d, far greater than the 10.3bn ft3/d coming from Qatar and the 11.4bn ft3/d from Australia this year.

Further potential could come from a second facility planned near the Calcasieu Ship Channel in Louisiana. Developer Venture Global filed a proposal on December 2 with the Federal Energy Regulatory Commission to spend an estimated $10bn on what would be the fourth LNG export terminal in Louisiana, pending a final investment decision.