US weekly LNG exports climb to 26 shipments

US liquefied natural gas (LNG) exports rose in the week ending February 14 compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 26 LNG carriers departed the US plants between February 8 and February 14, two vessels more compared to the week before.

Moreover, the total capacity of these LNG vessels is 90 Bcf, the EIA said, citing shipping data provided by Bloomberg Finance.

Natural gas deliveries to US terminals up

Average natural gas deliveries to US LNG export terminals increased by 3.8 percent (0.5 Bcf/d) week over week, averaging 13.8 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana decreased by 1.3 percent (0.1 Bcf/d) to 9.1 Bcf/d, while natural gas deliveries to terminals in South Texas increased by 19.9 percent (0.6 Bcf/d) to 3.5 Bcf/d.

The agency said that most of the increase in South Texas occurred at Cheniere’s Corpus Christi LNG terminal, where natural gas receipts increased by 28 percent (0.5 Bcf/d) week over week after declining by a similar amount the previous report week.

Natural gas deliveries to terminals outside the Gulf Coast were essentially unchanged at 1.2 Bcf/d.

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

Sempra Infrastructure’s Cameron LNG terminal shipped five cargoes while Venture Global’s Calcasieu Pass LNG terminal, the Freeport LNG terminal, and the Elba Island terminal each shipped three cargoes during the period.

Also, the Cove Point LNG terminal shipped one cargo, the agency said.

Henry Hub drops to $1.51/MMBtu

This report week, the Henry Hub spot price fell 46 cents from $1.97 per million British thermal units (MMBtu) last Wednesday to $1.51/MMBtu this Wednesday.

The price of the March 2024 NYMEX contract decreased 35.8 cents, from $1.967/MMBtu last Wednesday to $1.609/MMBtu this Wednesday.

According to the agency, the price of the 12-month strip averaging March 2024 through February 2025 futures contracts declined 22.4 cents to $2.417/MMBtu.

TTF averaged $8.26/MMBtu

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

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia fell 4 cents to a weekly average of $9.42/MMBtu.

Natural gas futures for delivery at the Dutch TTF fell 81 cents to a weekly average of $8.26/MMBtu.

In the same week last year (week ending February 15, 2023), the prices were $17.91/MMBtu in East Asia and $16.68/MMBtu at TTF, the agency said.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Canada approves Ksi Lisims LNG project

According to a statement on Monday, Julie Dabrusin, Minister of Environment and Climate Change, issued her decision under the...

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

More News Like This

Atlantic LNG shipping rates remain steady this week

Atlantic spot LNG shipping remained steady this week, while Pacific prices dropped compared to last week.

US LNG exports climb to 34 cargoes

US liquefied natural gas (LNG) plants shipped 34 cargoes during the week ending September 10. According to the Energy Information Administration, pipeline deliveries to the LNG terminals decreased compared to the prior week.

Shell pens US LNG supply deal with Edison

UK-based LNG giant Shell has signed a long-term deal to supply US LNG to Italian energy firm Edison, a unit of EDF.

Spot LNG shipping rates continue to drop

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decrease, while European prices rose this week compared to the previous week.