Feds: LNG shipments expected to decline by 60% next month from January peak

(iStock) An LNG tanker

LNG shipments are expected to decline by 60% next month from a January peak, the Energy Information Administration forecasts.

As Financial Times reports, U.S. exports will decline to their lowest since multiple new facilities opened in Louisiana and along the Gulf Coast, including Cameron LNG and Sabine Pass.

Citing multiple brokers, Financial Times reports that Gulf Coast natural gas prices remain above those in Europe and East Asia—particularly once shipping costs are added. According to the publication, just 750,000 tons of LNG left U.S. ports on 11 tankers between June 1 and late last week, compared to 3.6 million tons on 53 vessels in May.

Financial Times has the full story.