US weekly LNG exports climb to 22 cargoes

US liquefied natural gas (LNG) exports rose in the week ending August 3 when compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 22 LNG carriers left the US plants between July 28 and August 3, up by four shipments when compared to the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 81 Bcf.

Natural gas deliveries to US LNG export facilities averaged 10.9 Bcf/d, or 0.1 Bcf/d higher than last week.

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

Venture Global LNG’s Calcasieu Pass terminal also sent four cargoes and Sempra’s Cameron LNG dispatched three shipments.

Also, Cove Point shipped two cargoes and Elba Island sent one cargo during the week under review, EIA said, citing shipping data by Bloomberg Finance.

Freeport LNG did not ship any cargoes during the week under review. The LNG terminal operator has entered into a consent agreement with the Pipeline Hazardous Materials Safety Administration (PHMSA) to resume operations at its LNG export plant in Texas in early October.

Henry Hub drops

This report week, the Henry Hub spot price dropped from $8.68/MMBtu last Wednesday to $7.83/MMBtu this Wednesday, the agency said.

Moreover, the price of the September 2022 Nymex contract decreased to $8.266/MMBtu, down 29 cents from last Wednesday.

The price of the 12-month strip averaging September 2022 through August 2023 futures contracts declined 20 cents to $6.748/MMBtu, it said.

Spot LNG, TTF up

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

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia increased $4.61 to a weekly average of $44.57/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased $5.90 to a weekly average of $59.54/MMBtu.

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