US liquefied natural gas (LNG) exports dropped in the week ending October 12 when compared to the week before, while the Henry Hub spot price rose, according to the Energy Information Administration.
The agency said in its weekly natural gas report that 19 LNG carriers departed the US plants between October 6-12, one cargo less compared to the week before.
According to the agency, the total capacity of LNG vessels carrying these cargoes is 70 Bcf.
Also, natural gas deliveries to US LNG export facilities averaged 10.8 Bcf/d this report week, which is 0.5 Bcf/d less than last report week.
Cheniere’s Sabine Pass plant shipped eight cargoes and its Corpus Christi facility sent five shipments.
Sempra’s Cameron LNG sent four shipments and Venture Global LNG’s Calcasieu Pass terminal dispatched two cargoes, EIA said, citing shipping data by Bloomberg Finance.
Elba Island, Cove Point LNG, and Freeport LNG did not ship any cargoes.
Natural gas deliveries to the Cove Point terminal in Maryland fell to 0 Bcf/d, as the terminal began annual planned maintenance activities on October 1.
Freeport LNG remains shut following an incident at the facility that took place on June 8. The LNG terminal operator delayed the restart of its 15 mtpa LNG export plant in Texas to November.
Henry Hub spot price rose
This report week, the Henry Hub spot price rose 41 cents from $6.06 per million British thermal units (MMBtu) last Wednesday to $6.47/MMBtu this Wednesday, the agency said.
Moreover, the November 2022 NYMEX contract price decreased 49.5 cents, from $6.930/MMBtu last Wednesday to $6.435/MMBtu.
The price of the 12-month strip averaging November 2022 through October 2023 futures contracts declined 9.7 cents to $5.733/MMBtu, the agency said.
TTF down
According to the agency, international natural gas futures prices declined this report week.
Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia decreased $3.18 to a weekly average of $34.81/MMBtu.
Natural gas futures for delivery at the Dutch TTF decreased $5.17 to a weekly average of $45.83/MMBtu, the agency said.
