The gigantic deadly winter storm sweeping through the United States could disrupt global supply from one of the top liquefied natural gas (LNG) exporters, tightening a market that’s seen wild swings in prices this year.
U.S. and Canadian residents were affected by the storm in one way or another, and at least 19 deaths were connected to the icy blast and the severe winter conditions.
Freezing temperatures until Monday, December 26, could delay or suspend pilot services for the Sabine-Neches Waterway servicing Sabine Pass, per notices by Moran Shipping quoted by. Moreover, pilots have suspended the docking of ships at the port of Corpus Christi in Texas due to the extreme winter weather, Moran Shipping says. As a result, vessel traffic to the LNG export facility at Corpus Christi could be impacted. The winter storm in the U.S.
Australia is also one of the world’s top LNG exporters, alongside the U.S. and Qatar, but it has been American LNG that has helped Europe reach comfortable gas storage supply levels ahead of this winter. have headed to Europe in recent months.LNG prices surged to records earlier this year as Europe was racing to stock up on the superchilled fuel ahead of this winter.
Next year, Europe will need even more LNG supply to offset low pipeline flows from Russia, analysts and industry players say.
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