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.

Most Popular

Yang Ming books LNG-powered containerships in South Korea

Taiwan’s Yang Ming Marine Transport has decided to order LNG dual-fuel container vessels from South Korea's Hanwha Ocean as part of its ongoing fleet optimization plan.

Sabah to take stake in Petronas’ third FLNG

SMJ Energy, owned by the Sabah government, has signed a heads of agreement with Malaysian energy giant Petronas to take a 25 percent stake in the latter's third floating LNG production unit.

Japan’s LNG imports drop in June

Japan’s liquefied natural gas (LNG) imports dropped by 2.8 percent in June compared to the same month last year, according to provisional data released by the country’s Ministry of Finance.

More News Like This

Atlantic LNG shipping rates climb this week

Atlantic spot LNG shipping rates rose this week, whilst European prices dropped compared to last week.

US LNG exports increase to 30 cargoes

US liquefied natural gas (LNG) plants shipped 30 cargoes during the week ending July 16. According to the Energy Information Administration, pipeline deliveries to the LNG terminals rose compared to the prior week.

Cheniere’s Sabine Pass terminal ships 3,000th LNG cargo

Cheniere’s giant Sabine Pass LNG terminal in Louisiana has shipped the 3,000th cargo of liquefied natural gas since its launch in 2016.

US LNG exports reach 27 cargoes

US liquefied natural gas (LNG) plants shipped 27 cargoes during the week ending July 9. According to the Energy Information Administration, pipeline deliveries to the LNG terminals rose compared to the prior week.