Deliveries to European countries increased to 6.89 million metric tons
In October, the United States increased liquefied natural gas exports to near-record levels. Shipments grew amid high demand in Europe ahead of the winter period and multi-year highs for natural gas prices. This was reported by Economichna Pravda citing Reuters, according to the portal PromPolitInform.
Producers increased output and shipments to foreign markets in an effort to capitalize on favorable market conditions and high pricing. According to monitoring systems, the volumes of dispatched fuel became the second-largest monthly figure in the history of observations.
Growth of deliveries to the European region
Shipment volumes to Europe increased in October to 6.89 million metric tons compared to 5.91 million tons in September. This dynamic is driven by the need of European consumers to secure supplies ahead of the cold season and a narrowing price gap between Europe and Asia.
Export dynamics across other directions
At the same time, shipments of American fuel to Asian countries remained virtually unchanged despite an additional calendar day in the month, totaling 2.73 million tons against 2.84 million tons a month earlier. Purchases by Egypt also remained stable at 0.68 million tons, while exports to Latin America rose to 0.68 million tons.
Terminal operations and unassigned cargoes
Certain industry enterprises demonstrated significant performance growth through an increase in completed cargo batches. Specifically, export operations at the Golden Pass facility in Texas doubled, reaching four dispatched cargoes during the month.
Additionally, a certain volume of fuel totaling approximately 0.59 million tons departed from US export terminals without a final destination. Such vessels currently remain at sea awaiting potential offers from prospective buyers on the spot market.
Photo: Economichna Pravda
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