Report: Asia becoming largest importer of U.S. LNG

Report: Asia becoming largest importer of U.S. LNG
Oak Spirit loading at Sabine Pass LNG terminal on December 6 (Image courtesy of Jera)

Cheniere’s Sabine Pass LNG terminal in Louisiana shipped ten liquefied natural gas cargoes to Asian countries during December. 

The facility shipped a total of 12 cargoes during the last month of 2016, Bloomberg reports, noting that the rise in number of cargoes sent to Asia is a strong indication that the previous trend of sending cargoes to Latin America is changing.

The demand for US LNG in Asia stems from the cold winter temperatures pushing the demand for heating and power production up. Spot LNG prices have also gone up 79 percent since July, the report shows.

Cheniere started exports from the Sabine Pass liquefaction plant in February last year with the majority of cargoes landing in Latin America.

The U.S. is expected to become the world’s third-largest LNG supplier by 2020 with an export capacity of 60 million mt coming from five export terminals.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >