Overview
- BP and Shell routed LNG cargoes from their Atlantic LNG plant in Trinidad and Tobago to the United States last week, according to LSEG data cited by Reuters.
- Some shipments went to import terminals for regasification, while others arrived at export sites including Elba Island and Cove Point, signaling exceptionally tight domestic balances.
- Henry Hub front‑month prices reached $263.3 per 1,000 cubic meters on January 28, a 7% daily jump, Gazprom said in a statement reported by TASS.
- Freeze‑offs removed as much as 25 billion cubic feet per day of U.S. gas output and cut roughly 1.5 million barrels per day of Permian oil production, Rystad Energy and Energy Aspects estimated.
- The Jones Act’s requirement for U.S.-flagged vessels—none of which are LNG carriers—limited coastal redistribution, while Department of Energy data show U.S. LNG exports through November 2025 rose 25% year over year with Europe taking the largest share.