EIA says US weekly LNG exports rise to 26 cargoes

US LNG exports rose in the week ending April 20, while the Henry Hub spot price increased as well when compared to the week before, according to the Energy Information Administration.

The US has exported 26 LNG shipments between April 14 and April 20, up by six shipments when compared to the week before, the agency said in its weekly natural gas report.

Natural gas deliveries to LNG export facilities averaged 12.2 Bcf/d, or 0.2 Bcf/d lower than last week.

All seven large US LNG terminals exported the 26 cargoes during the week under review.

The total capacity of LNG vessels carrying these cargoes is 97 Bcf.

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

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

In addition, Elba Island and Calcasieu Pass each sent one cargo during the week under review.

Henry Hub up to $7.04/MMBtu

This report week, the Henry Hub spot price rose from $6.70/MMBtu last Wednesday to $7.04/MMBtu this Wednesday, the agency said.

On Monday, the Henry Hub spot price averaged $7.56/MMBtu, the highest average price since February 17, 2021, it said.

Prices along the Gulf Coast and across the Southeast were all higher this report week, despite total consumption of natural gas in the region falling by 0.4 Bcf/d.

Feedgas deliveries to LNG export terminals along the Gulf Coast decreased by 2 percent to 11 Bcf/d this report week.

Feedgas deliveries to terminals in South Louisiana increased by 2 percent and deliveries to terminals in South Texas decreased by 10 percent, according to data from PointLogic.

Venture Global’s Calcasieu Pass received approval on April 20 from the Federal Energy Regulatory Commission (FERC) to introduce hazardous fluids into liquefaction Block 6, another step in the ongoing commissioning of the terminal, the agency noted.

Spot LNG, TTF down

According to the agency, international natural gas prices declined this report week.

Bloomberg Finance reported that swap prices for LNG cargoes in East Asia fell $3.39/MMBtu to a weekly average of $29.83/MMBtu.

At the Dutch TTF, the day-ahead prices fell $2.39 to a weekly average of $30.45/MMBtu.

The TTF price averaged above the East Asia price this week, after dropping below East Asia last week.

Historically, the natural gas prices in East Asia average above natural gas prices in Europe, EIA said.

In the same week last year (week ending April 21, 2021), the prices in East Asia and at the TTF were $7.75/MMBtu and $7.49/MMBtu, respectively, the agency said.

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