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.

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