US weekly LNG exports climb to 29 cargoes

US liquefied natural gas (LNG) exports rose in the week ending December 6 compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 29 LNG carriers departed the US plants between November 30 and December 6, five vessels more compared to the week before.

Moreover, the total capacity of these LNG vessels is 105 Bcf, the EIA said, citing shipping data provided by Bloomberg Finance.

Average natural gas deliveries to US LNG export terminals decreased by 1.6 percent (0.2 Bcf/d) week over week, averaging 14.1 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 8.6 Bcf/d, while natural gas deliveries to terminals in South Texas decreased by 4.2 percent (0.2 Bcf/d).

The agency said that natural gas deliveries to terminals outside the Gulf Coast increased by 6.8 percent (0.1 Bcf/d).

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

The Freeport LNG terminal and Sempra Infrastructure’s Cameron LNG terminal each dispatched five LNG cargoes, while Venture Global’s Calcasieu Pass, the Cove Point plant, and the Elba facility each shipped two cargoes.

Henry Hub slightly up

This report week, the Henry Hub spot price increased 3 cents from $2.70 per million British thermal units (MMBtu) last Wednesday to $2.73/MMBtu this Wednesday, the agency said.

The price of the January 2024 NYMEX contract decreased 23.5 cents, from $2.804/MMBtu last Wednesday to $2.569/MMBtu this Wednesday.

Moreover, the price of the 12-month strip averaging January 2024 through December 2024 futures contracts declined 23.8 cents to $2.746/MMBtu, the EIA said.

TTF drops

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

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia decreased 47 cents to a weekly average of $16.10/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased $1.06 to a weekly average of $12.91/MMBtu.

In the same week last year (week ending December 7, 2022), the prices were $32.98/MMBtu in East Asia and $42.95/MMBtu at TTF, the EIA said.

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