EIA: US weekly LNG exports reach 20 cargoes

US liquefied natural gas (LNG) exports were flat in the week ending October 5 when compared to the week before, while the Henry Hub spot price fell, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 20 LNG carriers departed the US plants between September 29 and October 5, the same as the in the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 75 Bcf.

Also, natural gas deliveries to US LNG export facilities averaged 11.3 Bcf/d this report week, which is 3 percent or 0.3 Bcf/d less than last report week.

Cheniere’s Sabine Pass plant shipped seven cargoes and its Corpus Christi facility sent four shipments.

Venture Global LNG’s Calcasieu Pass terminal dispatched four cargoes and Sempra’s Cameron LNG sent thee shipments.

Elba Island and Cove Point each shipped one cargo as well, EIA said, citing shipping data by Bloomberg Finance.

Natural gas deliveries to the Cove Point terminal in Maryland fell 71 percent (0.5 Bcf/d) week over week to a weekly rate of 0.2 Bcf/d, as the terminal began annual planned maintenance activities on October 1. Maintenance is scheduled through October 18.

Freeport LNG did not ship any cargoes during the week under review.

It 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 declines

This report week, the Henry Hub spot price fell 55 cents from $6.61 per million British thermal units (MMBtu) last Wednesday to $6.06/MMBtu this Wednesday, the agency said.

Moreover, the November 2022 NYMEX contract price decreased to $6.930/MMBtu, down 3 cents from last Wednesday.

The price of the 12-month strip averaging November 2022 through October 2023 futures contracts climbed 9 cents to $5.830/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 $1.78 to a weekly average of $37.99/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased $2.45 to a weekly average of $51.00/MMBtu, the agency said.

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