US weekly LNG exports drop to 23 cargoes

US LNG exports dropped in the week ending June 1, while the Henry Hub spot price fell as well when compared to the week before, according to the Energy Information Administration.

The US has exported 23 LNG shipments between May 26 and June 1, down by one shipment when compared to the week before, the agency said in its weekly natural gas report.

Natural gas deliveries to LNG export facilities also fell slightly, averaging 12.8 Bcf/d, or 0.2 Bcf/d lower than last week.

Cheniere’s Sabine Pass plant shipped eight cargoes and its Corpus Christi facility sent four shipments. Sempra’s Cameron facility dispatched four cargoes as well.

Three shipments left Freeport, two from Venture Global LNG’s Calcasieu Pass, and one each from Cove Point and Elba Island, EIA said, citing shipping data by Bloomberg Finance.

Henry Hub drops to $8.42/MMBtu

During the week under review, the Henry Hub spot price fell 88 cents from $9.30/MMBtu last Wednesday to $8.42/MMBtu this Wednesday, the agency said.

Prices across the South were lower this week, as temperatures remained nearer to normal, it said.

Natural gas consumption in all sectors along the Gulf Coast and across the Southeast fell by 0.3 billion cubic feet per day (Bcf/d) this report week, while deliveries to LNG export terminals in South Texas and South Louisiana fell by 0.2 Bcf/d to 11.6 Bcf/d, according to data from PointLogic.

Spot LNG, TTF up

EIA said that international natural gas spot prices increased this report week.

Bloomberg Finance reported that the swap prices for LNG cargoes in East Asia rose $1.89/MMBtu to a weekly average of $23.77/MMBtu.

At the Dutch TTF, the day-ahead price rose 59 cents/MMBtu to a weekly average of $26.51/MMBtu.

In the same week last year (week ending June 2, 2021), the prices in East Asia and at TTF were $10.54/MMBtu and $9.12/MMBtu, respectively, the agency said.

- Advertisements -

Most Popular

Charif Souki steps down as chairman of Tellurian

US LNG firm Tellurian, the developer of the Driftwood LNG export project in Louisiana, said on Friday that its...

QatarEnergy, ExxonMobil expect first LNG from Golden Pass plant in H1 2025

Energy giants QatarEnergy and ExxonMobil are expecting to start LNG production at their Golden Pass LNG export terminal on...

Dynagas FSRU ready to start Stade job

The 174,000-cbm FSRU Transgas Force, owned by Dynagas, has left Germany's Bremerhaven and will now work as an LNG...

More News Like This

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...

US weekly LNG exports reach 24 cargoes

US liquefaction plants shipped 24 liquefied natural gas (LNG) cargoes in the week ending November 29, while natural gas...

US weekly LNG exports up to 27 cargoes

US liquefied natural gas (LNG) exports rose in the week ending November 15 compared to the week before, according...

Netherlands continues to be main destination for US LNG cargoes

The Netherlands was the top destination for US liquefied natural gas supplies for the fifth month in a row...