The DOE report shows that US terminals shipped 47.4 Bcf to Turkiye (12.6 percent), 45.4 Bcf to the UK (12.1 percent), 29.8 Bcf to the Netherlands (7.9 percent), 27.7 Bcf ...
November LNG exports drop
The DOE report shows that the US exported 376 Bcf of LNG to 32 countries in November 2024, down 2.6 percent from the same month last year and nearly flat compared to the prior month.
In September, Europe again became the preferred destination for US LNG cargoes, and this remained the case in October in November last year.
Europe received 233.5 Bcf (62.1 percent), Asia 95.7 Bcf (25.5 percent), Latin America/ Caribbean 24.9 Bcf (6.6 percent), and Africa 21.9 Bcf (5.8 percent) in November.
DOE said that 89.1 percent of total LNG exports went to non-free trade agreement countries, while the remaining 18.9 percent went to free trade agreement countries.
Moreover, US terminals shipped 122 LNG cargoes in November, up from 120 cargoes in October.
Cheniere’s Sabine Pass plant sent 40 cargoes, and its Corpus Christi terminal shipped 21 cargoes, while Sempra’s Cameron LNG plant also shipped 21 cargoes.
The Freeport LNG terminal sent 19 cargoes, Venture Global’s Calcasieu plant sent 11 cargoes, the Cove Point LNG terminal dispatched 7 shipments, and Elba Island LNG sent 2 cargoes during the month under review.
The DOE also noted that NFE’s Altamira LNG terminal in Mexico shipped one cargo in November 2024. This project receives feed gas from the US and Mexico.
Average price at 6.45/MMBtu
According to DOE’s report, the average price by export terminal reached 6.45/MMBtu in November.
This compares to 7.23/MMBtu in November 2023, while the average price was 6.61/MMBtu in October, 5.86/MMBtu in September, 5.55/MMBtu in August, 6.47/MMBtu in July, 6.32/MMBtu in June, 5.41/MMBtu in May, 5.25/MMBtu in April, $5.47/MMBtu in March, $6.31/MMBtu in February, and 6.63/MMBtu in January last year.
The most expensive average price in November came from Venture Global’s Calcasieu Pass terminal, and it reached $11.51/MMBtu.
Prices at other facilities ranged between $3/MMBtu (Elba Island) to $6.66/MMBtu (Freeport LNG), the data shows.
6931 cargoes
The report said that from February 2016 through Noveber 2024, the US exported 6931 cargoes or 21,891.3 Bcf to 41 countries.
The DOE data shows that South Korea remains the top destination for US LNG, with 662 cargoes, followed by Japan with 551 cargoes, France with 551 cargoes, the Netherlands with 520 cargoes, and the UK with 494 cargoes.
In addition to these five countries, Spain, China, India, Turkiye, and Brazil are in the top ten.
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