Sabine Pass
Oil / LNG41
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
Tradeable Assets
How each asset relates to congestion at this port
Stocks
Cheniere Energy
Operates Sabine Pass terminal — most direct equity play on US LNG exports
$268.54
▼ 2.80%
Golar LNG
LNG shipping and infrastructure — benefits from high export throughput
$49.61
▼ 1.00%
Flex LNG
LNG carrier operator — more vessels loading = higher day rates
$114.68
▲ 2.03%
Futures
Natural Gas (futures)
Export demand at Sabine Pass directly tightens Henry Hub supply
$3.23
▼ 2.18%
ETFs
US Natural Gas ETF
ETF alternative to NG futures
$11.13
▼ 3.64%
Current Snapshot
129
Total Vessels
7
Anchored
5%
Anchored %
3.5
Avg Dwell (hrs)
Vessel Types
7 vessels anchored (5%)
Anchored tankers holding crude or LNG offshore — elevated counts signal supply glut or demand shock, bullish for storage plays.
36th percentile vs the last 30 days
Tanker Fleet Status
Crude tankers
2
0 at anchor
LNG carriers
0
0 at anchor
0
Inbound empty
ballast · underway
2
Laden
carrying cargo
0
Ballast · anchored
empty · waiting
| Vessel | Status | Cargo | Draught | Destination | Speed |
|---|---|---|---|---|---|
| STL QIANJIANG | moored | Laden | 9.6m | US NDX | — |
| ELANDRA BAY | moored | Laden | 12m | USPOA | — |
Cargo status inferred from AIS-reported draught · ballast = empty inbound to load · laden = carrying cargo
Energy Fundamentals
EIA weekly · spreads calculated liveUS 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
Widening = logistics stress or US supply glut. Normal range $1–$5.
3-2-1 Crack Spread
$59.32
Refinery margin / bbl
High = strong product demand, bullish for crude. Low = demand weakness.
History
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 = -0.53 (strong inverse) · 8-day sample, directional not predictive
Port Throughput
69
Currently in port
131
Completed calls
3.5h
Avg dwell time
| Vessel | Class | Arrived | Departed | Dwell |
|---|---|---|---|---|
| STL PEARL | unknown | 2026-09-27 | 2026-09-27 | 2h |
| GAIL URJA | unknown | 2026-09-27 | 2026-09-27 | 2h |
| BW CHINOOK | unknown | 2026-09-27 | 2026-09-27 | 2h |
| SP DIAMOND | unknown | 2026-09-27 | 2026-09-27 | 2h |
| EMIL KURTZ | unknown | 2026-09-27 | 2026-09-27 | 2h |
| VALOR | other | 2026-09-27 | 2026-09-27 | 2h |
| VINCENT W SAPP | unknown | 2026-09-27 | 2026-09-27 | 2h |
| SP PEARL | unknown | 2026-09-27 | 2026-09-27 | 2h |
| BRIAN O'DANIELS | unknown | 2026-09-27 | 2026-09-27 | 2h |
| SABINE BANK PILOT | unknown | 2026-09-27 | 2026-09-27 | 2h |
Signal History
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%
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
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%
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
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%
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
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%
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.