US LNG exports drop, Henry Hub climbs

The US exported nineteen LNG cargoes in the week ending February 10 while feed gas deliveries to liquefaction plants averaged 11.0 billion cubic feet.

Compared to the last week, natural gas deliveries to US LNG export plants increased some 0.13 Bcf/d while shipments decreased by three, according to EIA’s weekly natural gas report.

To remind, EIA said last week that since November 2020, all six US LNG export facilities have been operating near full design capacity.

Looking at the weekly shipments in detail, five US terminals dispatched the nineteen cargoes during the week of February 4-10. The total capacity of LNG vessels carrying these cargoes is 69 Bcf.

This compares to twenty-two cargoes with the vessels’ capacity of 80 Bcf in the week before.

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

Freeport also exported four cargoes of the fuel while Cameron shipped three cargoes during the observed week. Cove Point sent one shipment.

Compared to the previous week, the Henry Hub spot price increased from $2.91/MMBtu last Wednesday to a weekly high of $3.68/MMBtu two days ago, EIA said.

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