US weekly LNG exports climb to 25 shipments

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

The agency said in its weekly report that 25 LNG carriers departed the US plants between March 28 and April 3, three shipments more compared to the week before.

Citing shipping data provided by Bloomberg Finance, the EIA said the total capacity of these LNG vessels is 89 Bcf.

Natural gas deliveries to US terminals down

Average natural gas deliveries to US LNG export terminals fell 3 percent (0.4 Bcf/d) from last week, averaging 12.5 Bcf/d, according to data from S&P Global Commodity.

Natural gas deliveries to terminals in South Louisiana fell 4.1 percent (0.4 Bcf/d), and deliveries to South Texas were essentially unchanged at 2.8 Bcf/d.

The agency said that deliveries to terminals outside the Gulf Coast were flat at 1.2 Bcf/d.

Cheniere’s Sabine Pass plant shipped nine cargoes and the company’s Corpus Christi facility sent four shipments during the week under review.

Sempra Infrastructure’s Cameron LNG terminal also shipped four cargoes during the period.

Venture Global LNG’s Calcasieu Pass facility, the Cove Point terminal, the Elba Island terminal, and the Freeport LNG facility each sent two cargoes,

Freeport LNG, south of Houston, Texas is currently operating with only one of three trains.

Henry Hub up to $1.86/MMBtu

This report week, the Henry Hub spot price rose 42 cents from $1.44 per million British thermal units (MMBtu) last Wednesday to $1.86/MMBtu this Wednesday.

The agency said the price of the May 2024 NYMEX contract increased 12.3 cents, from $1.718/MMBtu last Wednesday to $1.841/MMBtu this Wednesday.

According to the EIA, the price of the 12-month strip averaging May 2024 through April 2025 futures contracts climbed 9.1 cents to $2.818/MMBtu.

TTF averaged $8.42/MMBtu

The agency said that international natural gas futures were mixed this report week.

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia increased 2 cents to a weekly average of $9.51/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 32 cents to a weekly average of $8.42/MMBtu.

In the same week last year (week ending April 5, 2023), the prices were $12.96/MMBtu in East Asia and $14.96/MMBtu at TTF, the agency said.

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