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Sabine Pass

Oil / LNG
USSAB

52

MED CONGESTION

Cheniere Energy's Sabine Pass is the largest LNG export terminal in the Western Hemisphere. LNG carrier counts here are a leading indicator for Henry Hub natural gas prices and European/Asian LNG demand. High vessel traffic signals strong global LNG demand.

Live Vessel Traffic

Vessel positions at Sabine Pass
141 vessels · 14 anchored
anchoredunderway·TankerOpen full map ↗

Tradeable Assets

How each asset relates to congestion at this port

Stocks

LNG
Primary

Cheniere Energy

Operates Sabine Pass terminal — most direct equity play on US LNG exports

$268.54

▼ 2.80%

GLNG
Primary

Golar LNG

LNG shipping and infrastructure — benefits from high export throughput

$49.61

▼ 1.00%

FLEX
Primary

Flex LNG

LNG carrier operator — more vessels loading = higher day rates

$114.68

▲ 2.03%

Futures

NG
Primary

Natural Gas (futures)

Export demand at Sabine Pass directly tightens Henry Hub supply

$3.23

▼ 2.18%

ETFs

UNG
ETF/Hedge

US Natural Gas ETF

ETF alternative to NG futures

$11.13

▼ 3.64%

Current Snapshot

141

Total Vessels

7

Anchored

5%

Anchored %

3.2

Avg Dwell (hrs)

Vessel Types

Unknown 113 (80%)Other 24 (17%)Tanker 3 (2%)LNG 1 (1%)
⚓
Floating StorageNORMAL

7 vessels anchored (5%)

Unknown 7 (100%)

Anchored tankers holding crude or LNG offshore — elevated counts signal supply glut or demand shock, bullish for storage plays.

Congestion ScoreMED · 52 / 100
Low (0–30)Med (31–60)High (61–100)

60th percentile vs the last 30 days

Port baseline: ~140 vessels ± 16Currently: slightly above average (+0.1σ)419 snapshots

Tanker Fleet Status

Crude tankers

3

0 at anchor

LNG carriers

1

0 at anchor

0

Inbound empty

ballast · underway

4

Laden

carrying cargo

0

Ballast · anchored

empty · waiting

VesselStatusCargoDraughtDestinationSpeed
GOLDEN STATEunderwayLaden11.2mUSCHS4.7kn
BAYNOUNAHunderwayLaden9.2mUS NDX SUN LOWER ANC0.3kn
BW SIROCCOunderwayLaden12.1mCTB PA11.8kn
IBERICA KNUTSENmooredLaden9.2mUSNSS—

Cargo status inferred from AIS-reported draught · ballast = empty inbound to load · laden = carrying cargo

Energy Fundamentals

EIA weekly · spreads calculated live

US Crude Stocks

426,398k

bbls

+3.0M

BUILD

US commercial crude stocks — build = bearish, draw = bullish

Cushing Stocks

23,748k

bbls

+2.3M

BUILD

WTI delivery hub — high stocks suppress futures price

Brent-WTI Spread

$5.03

BZ − CL

WIDE

Widening = logistics stress or US supply glut. Normal range $1–$5.

3-2-1 Crack Spread

$59.32

Refinery margin / bbl

STRONG

High = strong product demand, bullish for crude. Low = demand weakness.

CL
$92.41▼ 2.33%
BZ
$97.44▼ 8.59%
NG
$3.23▼ 2.18%
HO
$4.46▼ 5.67%
RB
$3.19▼ 10.57%

History

LNG overlayDeep compare →

Congestion score · grey band = 7d normal range · Vessel count (dashed) · LNG price (purple)

Lead-lag: over the last 30 days, Sabine Pass congestion led LNG by 7 days · r = -0.52 (strong inverse) · 8-day sample, directional not predictive

Port Throughput

78

Currently in port

122

Completed calls

3.2h

Avg dwell time

VesselClassArrivedDepartedDwell
ELANDRA BAYunknown2026-09-262026-09-272h
ANDREW MORANunknown2026-09-262026-09-272h
C TRACTOR 19unknown2026-09-262026-09-272h
DODGE ISLANDother2026-09-262026-09-272h
CAPT FRANK BANTA JRunknown2026-09-262026-09-273h
SP IVORYunknown2026-09-262026-09-273h
COCHRANunknown2026-09-262026-09-274h
INNOVATORunknown2026-09-262026-09-274h
MARY KAYunknown2026-09-262026-09-275h
PATRICIA ANNEunknown2026-09-262026-09-276h

Signal History

BEARISH●○○ Single trigger

8d ago

Sabine Pass Congestion Relief: Bearish energy

Sabine Pass shows Congestion score 33 is 1.9σ below same-hour baseline (avg 67). This typically leads energy markets by 5-10 days, supporting a bearish read on NG (currently $7.27, -4.5% 5d). Note: the asset has already moved in this direction over the past week, so part of the move may be priced in.

Triggered By

▼

Congestion score 33 is 1.9σ below same-hour baseline (avg 67)

Trade Idea

Short NG (currently $7.27, -4.5% 5d) while congestion holds below 33 for 2+ consecutive polls; target a 3-7 days hold as port data typically leads energy by ~5-10 days.

Any prices referenced are as of the signal time (8d ago) — check the live tape before acting.

Entry

Congestion holds below 33 for 2+ consecutive polls

Invalidation

congestionScore reverts toward baseline (67) within 48h, or NG rises above $7.49

Horizon

3-7 days

Affected Assets

NG

$3.23

▼ 2.18%

closed

UNG

$11.13

▼ 3.64%

closed

⚠ Much of the move may already be priced in. An OPEC+ guidance change or macro demand shock could override this port-level signal.

Systematic signal · rule-based engine

BULLISH●○○ Single trigger

23d ago

Sabine Pass Congestion Spike: Bullish energy

Sabine Pass shows Congestion score 100 is 4.4σ above same-hour baseline (avg 41). This typically leads energy markets by 5-10 days, supporting a bullish read on LNG (currently $294.58, +3.7% 5d).

Triggered By

▲

Congestion score 100 is 4.4σ above same-hour baseline (avg 41)

Trade Idea

Long LNG (currently $294.58, +3.7% 5d) while congestion holds above 100 for 2+ consecutive polls; target a 3-7 days hold as port data typically leads energy by ~5-10 days.

Any prices referenced are as of the signal time (23d ago) — check the live tape before acting.

Entry

Congestion holds above 100 for 2+ consecutive polls

Invalidation

congestionScore reverts toward baseline (41) within 48h, or LNG falls below $285.74

Horizon

3-7 days

Affected Assets

LNG

$268.54

▼ 2.80%

closed

GLNG

$49.61

▼ 1.00%

closed

FLEX

$114.68

▲ 2.03%

closed

NG

$3.23

▼ 2.18%

closed

UNG

$11.13

▼ 3.64%

closed

⚠ An OPEC+ guidance change or macro demand shock could override this port-level signal.

Systematic signal · rule-based engine

BEARISH●○○ Single trigger

25d ago

Sabine Pass Congestion Relief: Bearish energy

Sabine Pass shows Congestion score 22 is 2.1σ below same-hour baseline (avg 50). This typically leads energy markets by 5-10 days, supporting a bearish read on NG (currently $8.03, -14.1% 5d). Note: the asset has already moved in this direction over the past week, so part of the move may be priced in.

Triggered By

▼

Congestion score 22 is 2.1σ below same-hour baseline (avg 50)

Trade Idea

Short NG (currently $8.03, -14.1% 5d) while congestion holds below 22 for 2+ consecutive polls; target a 3-7 days hold as port data typically leads energy by ~5-10 days.

Any prices referenced are as of the signal time (25d ago) — check the live tape before acting.

Entry

Congestion holds below 22 for 2+ consecutive polls

Invalidation

congestionScore reverts toward baseline (50) within 48h, or NG rises above $8.27

Horizon

3-7 days

Affected Assets

NG

$3.23

▼ 2.18%

closed

UNG

$11.13

▼ 3.64%

closed

⚠ Much of the move may already be priced in. An OPEC+ guidance change or macro demand shock could override this port-level signal.

Systematic signal · rule-based engine

BEARISH●○○ Single trigger

28d ago

Sabine Pass Congestion Relief: Bearish energy

Sabine Pass shows Congestion score 18 is 2.4σ below same-hour baseline (avg 45). This typically leads energy markets by 5-10 days, supporting a bearish read on NG (currently $8.75, +1% 5d).

Triggered By

▼

Congestion score 18 is 2.4σ below same-hour baseline (avg 45)

Trade Idea

Short NG (currently $8.75, +1% 5d) while congestion holds below 18 for 2+ consecutive polls; target a 3-7 days hold as port data typically leads energy by ~5-10 days.

Any prices referenced are as of the signal time (28d ago) — check the live tape before acting.

Entry

Congestion holds below 18 for 2+ consecutive polls

Invalidation

congestionScore reverts toward baseline (45) within 48h, or NG rises above $9.01

Horizon

3-7 days

Affected Assets

NG

$3.23

▼ 2.18%

closed

UNG

$11.13

▼ 3.64%

closed

⚠ An OPEC+ guidance change or macro demand shock could override this port-level signal.

Systematic signal · rule-based engine

BEARISH●○○ Single trigger

29d ago

Sabine Pass Congestion Relief: Bearish energy

Sabine Pass shows Congestion score 28 is 1.9σ below same-hour baseline (avg 49). This typically leads energy markets by 5-10 days, supporting a bearish read on NG (currently $9.12, +5.3% 5d).

Triggered By

▼

Congestion score 28 is 1.9σ below same-hour baseline (avg 49)

Trade Idea

Short NG (currently $9.12, +5.3% 5d) while congestion holds below 28 for 2+ consecutive polls; target a 3-7 days hold as port data typically leads energy by ~5-10 days.

Any prices referenced are as of the signal time (29d ago) — check the live tape before acting.

Entry

Congestion holds below 28 for 2+ consecutive polls

Invalidation

congestionScore reverts toward baseline (49) within 48h, or NG rises above $9.39

Horizon

3-7 days

Affected Assets

NG

$3.23

▼ 2.18%

closed

UNG

$11.13

▼ 3.64%

closed

⚠ An OPEC+ guidance change or macro demand shock could override this port-level signal.

Systematic signal · rule-based engine

About Sabine Pass

Why does Sabine Pass port congestion matter for traders?

Cheniere Energy's Sabine Pass is the largest LNG export terminal in the Western Hemisphere. LNG carrier counts here are a leading indicator for Henry Hub natural gas prices and European/Asian LNG demand. High vessel traffic signals strong global LNG demand.

Which stocks, futures, and ETFs are correlated with Sabine Pass?

HarborSignal tracks LNG, GLNG, FLEX, NG, UNG against Sabine Pass vessel activity. Port flows tend to lead these markets by roughly 5–10 days.

How is Sabine Pass congestion measured?

Vessel positions are collected hourly from AIS transponder data. A congestion score is derived from vessel count and the anchored ratio, then z-scored against a 30-day same-hour baseline to flag anomalies.