US Becomes A Player In Asian Lng Trade

• The continental US only began exporting LNG in February 2016 with the start-up of the first two 4.5mn tons/year trains at the Sabine Pass liquefaction plant in Louisiana. But since then volumes have soared, hitting a record 1.63mn cfd in Q1. This is a record proportion (18.5%) of US gas exports, which at 8.85bn cfd are themselves massively up.

• The official US export figures are given on a cfd gas basis. But the Q1 total LNG export figure equates to around 2.82mn tons of the super-cooled fuel on a landed basis. Indicative of the speed of the volume ramp up is that the Q1 figure equates to 80% of the total for the whole of 2016 (3.54mn tons) which in itself was more than ten times the 2015 figure, when only one small aged plant in Alaska was exporting. (CONTINUED - 377 WORDS)

DATA INSIDE THIS ARTICLE

table Us Gas & Lng Exports Hit Record Volumes In Q1
chart Asian LNG Imports From The USA Dipped In April Four Consecutive Records But Have Rebounded Since ('000 TONS)