On Tuesday, Cheniere Energy Inc. said that it has temporarily closed Sabine Pass LNG export terminal in Louisiana in anticipation of Hurricane Laura’s arrival.
The biggest liquefied natural gas (LNG) export plant in the US is suspending operations and its personnel has been evacuated.
Meanwhile, nearby LNG export plants near the predicted landfall of the hurricane, Cameron LNG plant and Freeport LNG plant would not be fully shut. Cameron would be operated at a reduced rate with essential operations personnel while Freeport LNG would make adjustments whenever necessary.
As of Tuesday, the amount of gas flowing to US LNG export plants was going to a two-week low of 4.1 bcfd as vessels carrying the commodity are staying clear of the hurricane’s path. Pipeline gas flowing to US plants rose to 4.5 bcfd in August, compared to July’s 21-month low of 3.3 bcfd.
This month, US LNG exports increased for the first time in six months due to higher gas prices in Europe and Asia. However, US exports still fell as the coronavirus pandemic drove demand down.
