US boosts weekly LNG exports

US liquefied natural gas (LNG) exports rose in the week ending July 13, while the Henry Hub spot price increased as well when compared to the week before.

The Energy Information Administration said in its weekly natural gas report that 23 LNG carriers left the US plants between July 7 and July 13, up by four shipments when compared to the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 84 Bcf.

Natural gas deliveries to US LNG export facilities averaged 11.1 Bcf/d, or 0.1 Bcf/d lower than last week.

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

Sempra’s Cameron LNG and Venture Global LNG’s Calcasieu Pass terminal dispatched four cargoes, each.

The Cove Point terminal sent two cargoes and Elba Island shipped one cargo, EIA said, citing shipping data by Bloomberg Finance.

Freeport LNG did not ship any cargoes.

The LNG terminal operator said earlier this month it expects to resume partial liquefaction operations at its 15 mtpa export plant in Texas in early October after an incident took place at the facility on June 8.

Freeport LNG continues to target year-end for a return to full production.

Henry Hub up to $6.63/MMBtu

This report week, the Henry Hub spot price rose from $5.63/MMBtu last Wednesday to $6.63/MMBtu this Wednesday, the agency said.

The price of the August 2022 NYMEX contract increased $1.179, from $5.510/MMBtu last Wednesday to $6.689/MMBtu this Wednesday.

Natural gas deliveries to LNG export terminals in South Texas were essentially unchanged at 2.3 Bcf/d, while deliveries to LNG export terminals in South Louisiana decreased 1.2 percent to 7.7 Bcf/d.

The agency said natural gas deliveries to LNG export terminals in the Northeast and Atlantic Coast were relatively unchanged at a combined 1.1 Bcf/d this week.

Calcasieu Pass, in Cameron Parish, Louisiana, continues to increase production. Feedgas deliveries to the terminal via the TransCameron Pipeline averaged 1.4 Bcf/d this week and reached a record level of 1.5 Bcf/d on July 8, it said.

Also, Venture Global received approval from the Federal Energy Regulatory Commission (FERC) to commission Liquefaction Block 9. With this authorization, Calcasieu Pass has commissioned all nine blocks of two liquefaction trains each.

Spot LNG, TTF up

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

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia averaged $39.13/MMBtu.

Natural gas futures for delivery at the Dutch TTF averaged $51.88/MMBtu, EIA said.

Most Popular

Freeport LNG to launch Noble gas project

Freeport LNG, the operator of the 15 mtpa liquefaction plant in Texas, has won an extension of time from the US FERC to construct and place into service its Noble gas project. The LNG terminal operator plans to launch the project this month.

Cheniere progresses commissioning of second Corpus Christi expansion train

US LNG exporting giant Cheniere is moving forward with commissioning activities at the second train of the Corpus Christi Stage 3 expansion project in Texas following the substantial completion of the first unit.

Excelerate’s FSRU leaves Spanish yard to start Wilhelmshaven job

Excelerate’s 138,000-cbm FSRU Excelsior has left the yard in Spain's El Ferrol. The unit will first visit the Netherlands prior to heading to Wilhelmshaven, according to state-owned German LNG terminal operator DET.

More News Like This

Atlantic LNG shipping rates, European prices continue to drop

Atlantic LNG freight shipping rates and European prices continued to decrease this week.

US LNG export terminals ship 28 cargoes

US liquefied natural gas (LNG) plants shipped 28 cargoes during the week ending April 2. According to the Energy Information Administration, pipeline deliveries to the LNG terminals decreased compared to the prior week.

DOE gives further boost to US LNG exports

The US Department of Energy (DOE) has removed a regulatory barrier that required liquefied natural gas (LNG) projects to start export within seven years of receiving regulatory approval.

Williams launches Transco pipeline expansions

US natural gas pipeline operator Williams has launched two fully contracted expansions of the existing Transco pipeline to meet growing domestic demand and LNG exports.