EIA says US weekly LNG exports dip to 20 cargoes

US LNG exports dropped in the week ending April 13, while the Henry Hub spot price increased when compared to the week before, according to the Energy Information Administration.

The US has exported 20 LNG shipments between April 7 and April 13, down by four shipments when compared to the week before, the agency said in its weekly natural gas report.

Natural gas deliveries to LNG export facilities averaged 12.4 Bcf/d, or 0.1 Bcf/d lower than last week.

Six out of seven large US LNG terminals exported the 20 cargoes during the week under review.

The total capacity of LNG vessels carrying these cargoes is 75 Bcf.

Cheniere’s Sabine Pass plant dispatched six cargoes, while its Corpus Christi plant sent four shipments.

The Cameron terminal dispatched four shipments, the Freeport plant sent three cargoes, and the Calcasieu facility exported two cargoes.

In addition, Elba Island sent one cargo as well during the week under review.

“Bad weather in the Gulf of Mexico, which included elevated winds and waves of up to 7 feet, in addition to planned maintenance, resulted in lower LNG shipments this week,” EIA said.

Henry Hub up to $6.70/MMBtu

This report week, the Henry Hub spot price rose from $6.25/MMBtu last Wednesday to $6.70/MMBtu this Wednesday, the agency said.

Prices along the Gulf Coast and Southeast were all higher this report week, in line with the Henry Hub spot price and the May NYMEX Henry Hub futures contract.

Feedgas deliveries to LNG export terminals along the Gulf Coast decreased by 1 percent to 11.2 Bcf/d this report week.

According to Freeport LNG, the terminal has started its first major planned maintenance turnaround on Train 1, which is anticipated to last 18 days.

Natural gas deliveries to the terminal on both the Gulf South and Texas Eastern pipelines decreased on April 5, indicating maintenance may be completed on or around April 21, the agency said.

Spot LNG, TTF down

According to the agency, international natural gas prices declined this report week but have “remained elevated since the start of Russia’s further invasion of Ukraine on February 24, which has increased uncertainty in European natural gas markets.”

Bloomberg Finance reported that swap prices for LNG cargoes in East Asia fell $0.83/MMBtu to a weekly average of $33.22/MMBtu.

At the Dutch TTF, the day-ahead prices fell $3.33 to a weekly average of $32.84/MMBtu.

TTF prices averaged lower than East Asia spot prices this week after two consecutive weeks higher than East Asia prices, EIA said.

In the same week last year (week ending April 14, 2021), prices in East Asia and at the TTF were $6.99/MMBtu and $7.03/MMBtu, respectively, it said.

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