US weekly LNG exports climb to 21 cargoes

US liquefied natural gas (LNG) exports rose in the week ending August 24 when compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 21 LNG carriers left the US plants between August 18 and August 24, up by two shipments when compared to the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 79 Bcf.

Also, natural gas deliveries to US LNG export facilities increased by 0.1 Bcf/d to 11.1 Bcf/d this report week.

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

Sempra’s Cameron LNG dispatched four shipments, while the Cove Point facility sent two cargoes.

Venture Global LNG’s Calcasieu Pass terminal and the Elba Island facility each sent one cargo during the week under review, EIA said, citing shipping data by Bloomberg Finance.

Freeport LNG’s plant remains shut following an incident at the facility that took place on June 8. This week, the LNG terminal operator delayed the restart of its 15 mtpa LNG export plant in Texas to November.

Henry Hub down

This report week, the Henry Hub spot price fell 22 cents from $9.51 per million British thermal units (MMBtu) last Wednesday to $9.29/MMBtu this Wednesday, the agency said.

Moreover, the price of the September 2022 Nymex contract increased 8.6 cents, from $9.244/MMBtu last Wednesday to $9.330/MMBtu this Wednesday.

The price of the 12-month strip averaging September 2022 through August 2023 futures contracts climbed 11.4 cents to $7.659/MMBtu, it said.

Spot LNG, TTF jump

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

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia increased $9.06 to a weekly average of $59.01/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased $12.53 to a weekly average of $77.60/MMBtu.

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