The US exported 21 LNG cargoes in the week ending May 12, while feed gas deliveries to liquefaction plants averaged 11.2 billion cubic feet.
Compared to the last week, natural gas deliveries to US LNG export plants remained at the same level as shipments declined by one, EIA’s weekly natural gas report shows.
Moreover, the Henry Hub spot price dropped from $2.97/MMBtu last Wednesday to $2.90/MMBtu two days ago.
Henry Hub prices were relatively flat, hovering around $2.90/MMBtu since last Thursday and dipping to a weekly low of $2.88/MMBtu on Tuesday, EIA said.
As per the weekly shipments, six US terminals dispatched the 21 cargoes during the week of May 6-May 12. The total capacity of LNG vessels carrying these cargoes is 74 Bcf.
This compares to 22 cargoes with the vessels’ capacity of 84 Bcf in the week before.
In addition, Cheniere’s Sabine Pass plant dispatched seven shipments in the week under review, while its Corpus Christi plant sent four cargoes.
Freeport also shipped four cargoes while Cameron dispatched three shipments. Cove Point sent two cargoes and Elba Island dispatched one shipment as well.