Kenya to cut budget deficit to 4.5%    Taiwan GDP surges on tech demand    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    France's harmonised inflation eases slightly in April    Egypt's El-Khatib: Govt. keen on boosting exports    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    Cabinet approves establishment of national medical tourism council to boost healthcare sector    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    49th Hassan II Trophy and 28th Lalla Meryem Cup Officially Launched in Morocco    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



US LNG exports continues decline in April – LSEG
Published in Amwal Al Ghad on 01 - 05 - 2024

US liquefied natural gas (LNG) exports experienced their fourth consecutive decline in April, dropping to 6.19 million metric tons from March's 7.61 million, according to preliminary data from financial firm LSEG reported by Reuters on Wednesday. This decrease was attributed to production disruptions.
Freeport LNG, the second largest US plant by capacity, faced recurring mechanical issues. In the preceding month, the terminal in Quintana, Texas, shipped five cargoes totaling 330,000 tons, a stark contrast to December's 21 cargoes and 1.42 million tons.
Since mid-January, the facility has operated without at least one of its three gas-processing trains.
Freeport declined to comment on these recent production challenges, although LSEG data indicated an increase in feed gas consumption over the past three days, with a tanker observed docked at its facility last Friday.
Energy Aspects analyst David Seduski expressed scepticism about Freeport reaching its typical summer utilisation of around 90 per cent before June, citing past maintenance delays in a note to clients last week.
Cheniere Energy, the largest US exporter, reported a temporary reduction in gas consumption lasting approximately 24 hours at each of its Corpus Christi, Texas, and Sabine Pass, Louisiana, plants last month. However, the company declined to disclose the reasons behind these declines.
Data revealed a decrease in US LNG exports to Europe, falling to 3.25 million tons, comprising 52.5 per cent of the total volume, compared to March's 4.31 million tons, accounting for about 57 per cent of that month's total.
Meanwhile, Asia maintained its share of total volumes, with the seven US export plants shipping 2.02 million tons of LNG to Asia, constituting 32.6 per cent of total exports, slightly down from March's 2.4 million tons, or 33 per cent.
One cargo was destined for Kuwait from Cameron LNG, according to the data.
Notably, LNG exports to Latin America nearly doubled in April compared to March, reaching 850,000 tons, or 13.7 per cent of the total, up from March's 550,000 tons, or 7 per cent. Sales to Latin America increased, with notable purchases by Jamaica, the Dominican Republic, Colombia, Brazil, and Argentina, as indicated by the data.


Clic here to read the story from its source.