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EIA said in its weekly natural gas storage report that the LNG-carrying capacity of vessels departing US ports was 129 Bcf, up 18 Bcf from the previous week.
Cheniere’s Sabine Pass plant shipped seven LNG cargoes, and the company’s Corpus Christi facility sent five shipments during the week ending June 10, according to the report.
Moreover, Venture Global LNG’s Plaquemines terminal sent six cargoes, and its Calcasieu Pass facility sent three cargoes
The Freeport LNG facility and Sempra Infrastructure’s Cameron LNG terminal each shipped five cargoes, while the Cove Point facility shipped two cargoes and the Elba Island facility sent one cargo during the week under review.
Henry Hub climbs
EIA reported that the Henry Hub spot price rose from $2.95/MMBtu last Wednesday to $3.26/MMBtu this Wednesday.
The agency said that the average monthly price through June 10 is $0.65/MMBtu below the previous five-year average price for June.
Total US natural gas consumption increased by 2.7 Bcf/d (3 percent) compared with last week, according to LSEG data.
This increase was led by a 3.5 Bcf/d (10 percent) increase in the electric power sector due to above-normal temperatures across the Northern and Central United States this week, resulting in increased demand for space cooling.
Total US natural gas supply fell by 0.5 Bcf/d as a result of a 0.7 Bcf/d decrease in dry natural gas production, according to LSEG data.
TTF averaged $16.65/MMBtu
EIA said that the price at the Dutch Title Transfer Facility in Europe averaged $16.65/MMBtu, $0.38/MMBtu higher than the previous week.
Moreover, the Japan-Korea Marker (JKM) price averaged $18.85/MMBtu, $0.30/MMBtu higher than the previous week.
Compared with the week ending February 25 (before LNG deliveries via the Strait of Hormuz were disrupted), this week’s TTF and JKM prices are up by 51 percent and 77 percent, respectively, EIA said.