EIA: US weekly LNG exports reach 21 cargoes

US liquefied natural gas (LNG) exports dropped in the week ending November 2 when compared to the week before, while the Henry Hub spot price declined as well, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 21 LNG carriers departed the US plants between October 27 and November 2, one cargo less compared to the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 78 Bcf.

Also, natural gas deliveries to US LNG export facilities increased by 0.4 Bcf/d week over week to average 11.9 Bcf/d this report week.

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

Sempra’s Cameron LNG also sent four shipments, Venture Global LNG’s Calcasieu Pass terminal dispatched three cargoes, and Cove Point also dispatched one cargo, EIA said, citing shipping data by Bloomberg Finance.

Elba Island and Freeport LNG did not ship any cargoes.

Last week, a unit of Berkshire Hathaway completed annual maintenance at the Cove Point LNG export terminal in Maryland.

Freeport LNG remains shut following an incident at the facility that took place on June 8.

The operator of the LNG terminal still expects to restart operations at its 15 mtpa LNG export plant in Texas in November.

Henry Hub declines

This report week, the Henry Hub spot price fell 75 cents from $5.26 per million British thermal units (MMBtu) last Wednesday to $4.51/MMBtu this Wednesday, the agency said.

Moreover, the November 2022 NYMEX contract expired last Thursday at $5.186/MMBtu, down 42 cents from last Wednesday.

The December 2022 NYMEX contract price increased to $6.268/MMBtu, up 15 cents from last Wednesday to this Wednesday.

The price of the 12-month strip averaging December 2022 through November 2023 futures contracts climbed 8 cents to $5.351/MMBtu, the agency said.

TTF up

According to the agency, international natural gas futures prices were mixed this report week.

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia decreased $2.55 to a weekly average of $28.97/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased $2.35 to a weekly average of $33.96/MMBtu, EIA said.

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