US boosts weekly LNG exports

The US exported nineteen LNG cargoes in the week ending March 24, while feed gas deliveries to liquefaction plants averaged 11.6 billion cubic feet.

Compared to the last week, natural gas deliveries to US LNG export plants increased some 0.58 Bcf/d as shipments rose by one, EIA’s weekly natural gas report shows.

As per the Henry Hub spot price, it fell from $2.51/MMBtu last Wednesday to $2.45/MMBtu two days ago, the agency said.

Looking at the weekly shipments, five US terminals dispatched the nineteen cargoes during the week of March 18-March 24. The total capacity of LNG vessels carrying these cargoes is 71 Bcf.

This compares to eighteen cargoes with the vessels’ capacity of 67 Bcf in the week before.

In addition, Cheniere’s Sabine Pass plant dispatched seven shipments in the week under review, while its Corpus Christi plant sent four cargoes.

Cameron shipped four cargoes as well, Freeport three, while Cove Point dispatched one cargo.

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