Why Are U.S. LNG Exports Falling While European Demand Rises?

Reuters

By Marianna Parraga (Reuters) – U.S. exports of liquefied natural gas (LNG) fell for a second consecutive month in July, weighed down by the processing halt at a fire-hit Texas plant, but Europe took a bigger slice of overall shipments, Refinitiv Eikon data showed on Monday.

Second-largest U.S. exporter Freeport LNG expects to return to partial service on Oct. 22, but its temporary closure has cut U.S. gas exports by about 1.9 billion cubic feet per day. 

The fire has limited U.S. LNG exports amid strong demand in Europe, where buyers are seeking to replace Russian supplies. Prices last week rose to $57 per million British thermal units, up from $33 per million BTUs in March. The high prices have curbed demand from Asia and Latin America.

In July, 86 cargoes departed from U.S. ports carrying a total of 6.12 million tonnes of LNG, below the prior month’s 6.3 million tonnes and the lowest exports since September, according to the Eikon data, based on preliminary tanker tracking.

Cargoes heading to Europe climbed to almost 3.9 million tonnes – or 63% of the total – from 3.5 million in June, while shipments to Asian and Latin Americas clients fell, the data showed. 

Confusion over Russian gas flows as Moscow insists on changes to payment methods, and the potential for new disruptions, are driving some analysts to say prices may yet reach new highs.

Also Read: Europe Needs More LNG & Coal Ships ASAP

A month ago, President Vladimir Putin seized full control of Sakhalin-2 in Russia’s Far East, one of the world’s largest LNG projects, a move that could force out Shell Plc and Japanese investors. 

The U.S. government is trying to fulfill a promise to European leaders that the world’s top LNG exporter through June will help secure supplies of the supercooled gas.

“With the uncertainty of Russian gas supply and resistance from some EU members towards gas consumption cuts, more U.S. LNG exports are expected to flow to Europe, although a downside is expected during the U.S. hurricane season,” Rystad analyst Karolina Siemieniuk said in a note last week.

(Reporting by Marianna Parraga; Editing by David Holmes, Reuters)

https://gcaptain.com/u-s-lng-export-falling/

 

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Bound4blue completes installation of three suction sails on board 50,000 tpm tanker
27 February, 2025

Bound4blue completes installation of three suction sails on board 50,000 tpm tanker

Spanish company bound4blue, which specialises in auxiliary wind propulsion systems, has successfully completed the installation of three eSAIL suction sails on board a product tanker, the Pacific Sentinel, owned by Singapore-based Eastern Pacific Shipping (EPS).

The installation of the three 22 m high sails was carried out at the Besiktas shipyard in Turkey, taking advantage of a scheduled shutdown of the vessel. The assembly of the systems was completed in less than three days, as planned.

The eSAIL auxiliary wind propulsion system developed by bound4blue is based on the use of a thick sail with an intelligent suction system. These sails are easy to install, operate and maintain, have very few moving parts and are suitable for almost all types of vessels. The company expects fuel savings of approximately 10%, depending on the route.

The installation of the systems on the Pacific Sentinel, a 50,000 dwt product tanker, presented a number of unique challenges, including the vessel´s strut and the existence of ATEX zones (where equipment installed on board must comply with explosion-proof regulations). It was carried out in collaboration with the American Bureau of Shipping (ABS), meeting classification and safety standards. ABS played a key role in granting the ‘wind-assisted’ notation, fundamental for the structural integration of eSAILs with the ship and their alignment with regulatory frameworks such as the ETS Directive, the FuelEU Maritime Regulation or the IMO´s IIC.

 

News and image obtained: ‘Asociación de Navieros Españoles’.

https://anave.es/bound4blue-completa-la-instalacion-de-tres-velas-de-succion-a-bordo-de-un-petrolero-mr/

 

 

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