U.S. LNG exports were on track to increase for a second month in a row in September for the first time since hitting a record high in January as rising global gas prices prompted buyers to reverse some cargo cancellations.
Gas prices surged over 60% in Europe and Asia last month, causing U.S. LNG exports to jump from a 21-month low of 3.1 Bcf/d in July to 3.7 Bcf/d in August and an expected 3.8 Bcf/d in September, according to federal data.
Prior to that, U.S. exports fell every month from March to July as coronavirus demand destruction caused prices to collapse and buyers to cancel cargoes.
RELATED:
Global LNG Demand to Rise for Next Few Decades
Several U.S. LNG export plants stepped up to supply more of the super-cooled fuel even though Cameron LNG's facility in Louisiana remains shut due to lingering power problems after Hurricane Laura slammed into the Gulf Coast in late August.
Cheniere Energy Inc. boosted exports from Corpus Christi in Texas, and this week sent out the first cargo from Sabine Pass in Louisiana since shutting the plant just before Laura hit.
Unlike Cameron, Sabine has on-site generators capable of producing much of its power supply.
Exports also increased at Freeport LNG's plant in Texas and Kinder Morgan Inc.'s Elba Island in Georgia.
Analysts at Energy Aspects said the amount of work needed to restore power and clean up the ship channel serving Cameron could keep the plant offline until mid-October.
Energy traders said Cameron has already deferred cargo loadings from September to October.
Officials at Cameron were not immediately available for comment.
Entergy Corp., which provides power to Cameron, said in a statement that "it may be late September before power is available to most customers in Southwest Louisiana who can safely receive it."
Recommended Reading
DNO ‘Hot Streak’ Continues with North Sea Discovery
2025-03-26 - DNO ASA has made 10 discoveries since 2021 in the Troll-Gjøa exploration and development area.
TechnipFMC Awarded EPCI for Equinor’s Johan Sverdrup Phase 3
2025-03-25 - The Johan Sverdrup Field, which originally began production in 2019, is one of the largest developments in the Norwegian North Sea.
Exclusive: Metal Tariffs Unlikely to Disrupt Lower 48 Supply Chain
2025-03-25 - With tariffs discussions creating uncertainty in the energy sector, Luca Zanotti, Tenaris’ U.S. president, said he sees minimal impact with tariffs on oil country tubular goods, in this Hart Energy exclusive interview.
E&P Highlights: March 24, 2025
2025-03-24 - Here’s a roundup of the latest E&P headlines, from an oil find in western Hungary to new gas exploration licenses offshore Israel.
Shell Takes FID on Gato do Mato Project Offshore Brazil
2025-03-23 - Shell Plc will be the operator and 50% owner, with Ecopetrol holding 30% interest and TotalEnergies 20%.