LSEG data indicate declining US LNG exports in June

LSEG preliminary data indicate a decline in exports of liquefied natural gas (LNG) from the United States in June. The reason was maintenance work at some of the country’s largest facilities. At the same time, exports have been declining for several months in a row. Thus, in June, the United States supplied 8.4 million tons of LNG, about 8.9 million tons in May, and 9.3 million tons in April.

However, LSEG experts attribute the drop in exports to the seasonal closure of US plants for maintenance. Among them are the Sabine Pass project, owned by Cheniere and having a capacity of 4.5 billion cubic feet per day, as well as Corpus Christi with a capacity of 2.4 billion cubic feet per day. By the end of June, both plants had already completed repairs and resumed operations.

The exception was the 2.1 billion cubic feet per day Freeport LNG plant, which experienced unplanned downtime, LSEG reports. This fact also affected LNG exports from the US in early summer.

The company reports a decline in demand for LNG in Asia due to the weakening of the region's economy under the pressure of American import tariffs. Meanwhile, Europe has increased its LNG purchases.