US LNG exports climb as Henry Hub drops

The US exported twenty-two LNG cargoes in the week ending March 10 while feed gas deliveries to liquefaction plants averaged 10.6 billion cubic feet.

Compared to the last week, natural gas deliveries to US LNG export plants increased some 0.87 Bcf/d while shipments increased by five, according to EIA’s weekly natural gas report.

In addition, the Henry Hub spot price fell from $2.84/MMBtu last Wednesday to $2.60/MMBtu two days ago, the agency said.

The price reached as low as $2.55/MMBtu on Tuesday, the lowest price since January 25, EIA said.

Looking at the weekly shipments, five US terminals dispatched the twenty-two cargoes during the week of March 4-March 10. The total capacity of LNG vessels carrying these cargoes is 80 Bcf.

This compares to seventeen cargoes with the vessels’ capacity of 62 Bcf in the week before.

Furthermore, Cheniere’s Sabine Pass plant sent nine shipments in the week under review while its Corpus Christi plant dispatched five cargoes.

Cameron shipped four cargoes, Freeport three, while Elba Island dispatched one cargo.

- Advertisements -

Most Popular

MOL, Gaz-System seal Gdansk FSRU charter deal

Japan's shipping giant MOL has signed a long-term FSRU charter deal with Poland’s Gaz-System for the planned LNG import...

China’s CNOOC nears launch of six giant Binhai LNG tanks

China National Offshore Oil Company (CNOOC) said it had completed the main construction on the six giant LNG storage...

New LNG carrier joins Celsius fleet

South Korea’s Samsung Heavy Industries has hosted a naming ceremony for one 180,000-cbm LNG carrier it built for Denmark’s...

More News Like This

Spot LNG shipping rates, European prices drop this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet dropped slightly this week, while European and...

US LNG exports climb to 22 shipments

US liquefied natural gas (LNG) exports rose in the week ending April 24 compared to the week before, according...

France was top destination for US LNG cargoes in February

France was the top destination for US liquefied natural gas supplies in February, as European terminals continue to receive...

Spot LNG shipping rates remain steady, European prices jump

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet remained almost flat this week, while European...