US Gulf of Mexico Brimming with LNG Tankers as Exports Rise
HOUSTON (Reuters) — A near record number of liquefied natural gas (LNG) tankers continued to jam the U.S. Gulf of Mexico on Wednesday while loading or waiting to load, according to data from Refinitiv Eikon.
LNG export terminals are running near full capacity with U.S. exports in high demand amid Russia's invasion of Ukraine and Europe's drive to rebuild shrunken natural gas stocks. Russia calls its actions in Ukraine a “special operation.”
About 27 ships were on the way or near LNG terminals along the U.S. Gulf Coast on Wednesday, according to the data. The peak number of tankers was reached on Feb. 28, with 28 vessels. That matched Feb. 10 and Nov. 11 records of between 27 and 28 vessels.
"We have come off the highs, but are still elevated," Reid I'Anson, senior commodity analyst at consultancy Kpler, said. "It is normal to see waves of vessels come and go."
There were eight LNG tankers near the ports of Freeport and Galveston, Texas, on Wednesday, according to the data. Among the vessels waiting to load were the Global Sea Spirit and Flex Aurora, which each arrived more than a week ago, data showed.
The number of ships waiting in the Gulf of Mexico in part reflects declining U.S. LNG shipments to Asia. The shorter distance to Europe means the vessels can cross the Atlantic and return quicker for re-loading, said Edward Watson, an LNG shipbroker at Clarksons Plc.
LNG export volumes from U.S. Gulf Coast processing plants are expected to reach about 6.47 million tonnes this month, surpassing a record 6.3 million tonnes in January, Kpler said.
Europe, which has been the top destination since December, is expected to remain the largest importer of U.S. LNG in March, according to Refinitiv and Kpler data.
Related News
Related News

- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- 1,000-Mile Pipeline Exit Plan by Hope Gas Alarms West Virginia Producers
- Greenpeace Ordered to Pay $667 Million to Energy Transfer Over Dakota Access Pipeline Protests
- Canada’s Canceled Oil Pipelines: The Projects That Didn’t Make It
- Army Corps Lists Enbridge’s Line 5 as ‘Emergency’ Project Eligible to Bypass Environmental Review
- Michigan Court Backs Permits for Enbridge’s Line 5 Pipeline Tunnel Project
- Editor’s Notebook: Fire Fuels Pipeline Concerns
- Missouri Loses Control Over 1.5 Million-Mile Gas Pipeline Network as Feds Step In
- Enbridge Plans $2 Billion Upgrade for North America’s Largest Crude Pipeline
Comments