US LNG exports climb as Henry Hub drops

The US exported twenty-two LNG cargoes in the week ending March 10 while feed gas deliveries to liquefaction plants averaged 10.6 billion cubic feet.

Compared to the last week, natural gas deliveries to US LNG export plants increased some 0.87 Bcf/d while shipments increased by five, according to EIA’s weekly natural gas report.

In addition, the Henry Hub spot price fell from $2.84/MMBtu last Wednesday to $2.60/MMBtu two days ago, the agency said.

The price reached as low as $2.55/MMBtu on Tuesday, the lowest price since January 25, EIA said.

Looking at the weekly shipments, five US terminals dispatched the twenty-two cargoes during the week of March 4-March 10. The total capacity of LNG vessels carrying these cargoes is 80 Bcf.

This compares to seventeen cargoes with the vessels’ capacity of 62 Bcf in the week before.

Furthermore, Cheniere’s Sabine Pass plant sent nine shipments in the week under review while its Corpus Christi plant dispatched five cargoes.

Cameron shipped four cargoes, Freeport three, while Elba Island dispatched one cargo.

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