France continues to be top importer of US LNG

France was the top destination for LNG exports from the US for the fifth consecutive month in July, as Europe continues to receive the most volumes produced at US liquefaction plants.

According to the Energy Department’s latest monthly LNG report, US terminals sent 53.4 billion cubic feet of LNG to France in July, followed by the Netherlands (34.9 billion cubic feet), Spain (34.4 billion cubic feet), and South Korea (34.3 billion cubic feet). cubic feet), and Japan (18.2 billion cubic feet). Bcf).

These five countries accounted for 58.4% of total US LNG exports in July.

In its June report, the Energy Ministry said France acquired 37.6 billion cubic feet of LNG, followed by the Netherlands with 34.4 billion cubic feet, and Spain with 29.6 billion cubic feet.

The Department of Energy report shows that the United States exported a total of 300.2 billion cubic feet of LNG in July, down 0.1 percent from the previous month and July 2021.

US terminals shipped 100 cargoes of LNG in July, compared to 96 cargoes in June and 97 in July 2021.

Cheniere Sabine Pass plant sent 40 shipments while Corpus Christi plant shipped 19 in June.

In addition, Cameron sent 28 shipments, followed by Cove Point with ten, and Elba Island with three.

Freeport LNG has had no shipments due to an accident at the facility on June 8.

According to the DOE report, the export terminal weighted average price was 12.29/MMBtu in July.

Furthermore, the report stated that from February 2016 through July 2022, the US exported 3,734 shipments or 12,052 billion cubic feet to 42 countries.

South Korea remains the top destination for US LNG with 457 cargoes, followed by Japan with 336 cargoes, Spain with 290 cargoes, and China with 267 cargoes.

Besides these four countries, France, the United Kingdom, Brazil, India, the Netherlands, and Mexico also occupy the top ten.