US liquefied natural gas (LNG) exports reached 23 shipments in the week ending July 10, and pipeline deliveries to US terminals decreased compared to the week before, according to the Energy Information Administration.
The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, the total capacity of these LNG vessels is 85 Bcf.
The EIA did not release its weekly report in the prior week due to holidays.
US LNG terminals shipped 29 cargoes in the week ending June 26, and this was the highest number of cargoes this year based on the agency’s previous weekly reports.
Natural gas deliveries to US terminals
Average natural gas deliveries to US LNG export terminals decreased 0.4 Bcf/d from last week to 11.9 Bcf/d, according to data from S&P Global Commodity Insights.
Natural gas deliveries to terminals in South Louisiana increased by 4.2 percent (0.3 Bcf/d) to 7.7 Bcf/d, and natural gas deliveries to terminals in South Texas decreased 19.3 percent (0.7 Bcf/d) to 3.1 Bcf/d.
The agency said the decrease in feedgas deliveries to South Texas terminals was due to a shutdown of Freeport LNG as a precautionary measure ahead of Hurricane Beryl.
Natural gas deliveries to terminals outside the Gulf Coast were essentially unchanged at 1.2 Bcf/d, it said.
Hurricane Beryl, which made a landfall near Houston, Texas, on July 8, reduced feedgas demand by 2 Bcf/d, with much of that decrease coming from a shutdown of Freeport LNG as a precaution, the agency said.
Freeport LNG is located 40 miles to the northeast of the hurricane’s landfall.
During the week under review, Cheniere’s Sabine Pass plant shipped eight cargoes and the company’s Corpus Christi facility sent four shipments.
The Freeport LNG terminal, Sempra Infrastructure’s Cameron LNG terminal, and Venture Global LNG’s Calcasieu Pass facility each shipped three cargoes.
Also, the Elba Island facility and the Cove Point terminal each sent one cargo during the week under review.
Henry Hub up
This report week, the Henry Hub spot price rose 32 cents from $2.05 per million British thermal units (MMBtu) last Wednesday to $2.37/MMBtu this Wednesday.
The agency said the price of the August 2024 NYMEX contract decreased 8.9 cents, from $2.418/MMBtu last Wednesday to $2.329/MMBtu this Wednesday.
Moreover, the price of the 12-month strip averaging August 2024 through July 2025 futures contracts declined 7.7 cents to $3.001/MMBtu.
TTF averaged $10.51/MMBtu
The agency said that international natural gas futures decreased this report week.
Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia decreased 8 cents to a weekly average of $12.49/MMBtu.
Natural gas futures for delivery at the Dutch TTF decreased 13 cents to a weekly average of $10.51/MMBtu.
In the same week last year (week ending July 12, 2023), the prices were $12.04/MMBtu in East Asia and $9.78/MMBtu at TTF, the agency said.
