US weekly LNG exports down to 20 cargoes

US liquefied natural gas (LNG) exports dropped in the week ending September 28 when compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 20 LNG carriers departed the US plants between September 22 and September 28, one down compared to the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 75 Bcf.

Also, natural gas deliveries to US LNG export facilities averaged 11.6 Bcf/d, nearly 0.1 Bcf/d higher than last week.

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

Sempra’s Cameron LNG dispatched four shipments and Venture Global LNG’s Calcasieu Pass terminal two.

Elba Island and Cove Point each shipped two cargoes as well, EIA said, citing shipping data by Bloomberg Finance.

Freeport LNG did not ship any cargoes during the week under review.

It remains shut following an incident at the facility that took place on June 8. The LNG terminal operator delayed the restart of its 15 mtpa LNG export plant in Texas to November.

Henry Hub drops

This report week, the Henry Hub spot price fell $1.38 from $7.99 per million British thermal units (MMBtu) last Wednesday to $6.61/MMBtu this Wednesday, the agency said.

Moreover, the October 2022 NYMEX contract expired this Wednesday at $6.868/MMBtu, down 91 cents from last Wednesday, while the November 2022 NYMEX contract price decreased to $6.955/MMBtu, down 87 cents from last Wednesday.

The price of the 12-month strip averaging November 2022 through October 2023 futures contracts declined 50 cents to $5.741/MMBtu, the agency said.

TTF declined this week

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

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia decreased $4.20 to a weekly average of $39.77/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased $3.17 to a weekly average of $53.45/MMBtu, the agency said.

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