US weekly LNG exports drop to 23 cargoes

US LNG exports dropped in the week ending April 27, while the Henry Hub spot price decreased as well when compared to the week before, according to the Energy Information Administration.

The US has exported 23 LNG shipments between April 21 and April 27, down by three shipments when compared to the week before, the agency said in its weekly natural gas report.

Natural gas deliveries to LNG export facilities averaged 12.2 Bcf/d, same as last week.

Six out of seven large US LNG terminals exported the 23 cargoes during the week under review.

The total capacity of LNG vessels carrying these cargoes is 84 Bcf.

Cheniere’s Sabine Pass plant dispatched nine cargoes, while its Corpus Christi plant sent four shipments.

The Freeport terminal dispatched five shipments and the Cameron plant sent three cargoes.

In addition, Elba Island and Calcasieu Pass each sent one cargo during the week under review.

Henry Hub down to $6.94/MMBtu

This report week, the Henry Hub spot price dropped from $7.04/MMBtu last Wednesday to $6.94/MMBtu this Wednesday, the agency said.

The Henry Hub spot price fell to a weekly low of $6.40/MMBtu on Monday.

Feedgas deliveries to LNG export terminals along the Gulf Coast remained flat at 11 billion cubic feet per day (Bcf/d) this report week.

Pipeline natural gas deliveries to terminals in South Louisiana decreased by 60 million cubic feet per day (MMcf/d) to 7.6 Bcf/d, and natural gas deliveries to terminals in South Texas increased by 70 MMcf/d, according to data from PointLogic.

Spot LNG price drops, TTF climbs

According to the agency, international natural gas prices were mixed this report week.

Bloomberg Finance reported that swap prices for LNG cargoes in East Asia fell $4.43/MMBtu to a weekly average of $25.39/MMBtu.

At the Dutch TTF, the day-ahead prices increased 50 cents to a weekly average of $30.94/MMBtu.

The price at TTF averaged above the East Asia price for the second week in a row, EIA said. Historically, the natural gas prices in East Asia average above natural gas prices in Europe.

In the same week last year (week ending April 28, 2021), the prices in East Asia and at the TTF were $8.58/MMBtu and $7.48/MMBtu, respectively.

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