US weekly LNG exports drop to 23 shipments

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

The agency said in its weekly natural gas report that 23 LNG carriers departed the US plants between February 29 and March 6, three shipments less compared to the week before.

Citing shipping data provided by Bloomberg Finance, the agency said the total capacity of these LNG vessels is 87 Bcf.

Natural gas deliveries to US terminals down 3.1 percent

Average natural gas deliveries to US LNG export terminals decreased by 3.1 percent (0.4 Bcf/d) week over week, averaging 13.4 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Texas fell 6.7 percent (0.3 Bcf/d), while natural gas deliveries to terminals in South Louisiana fell 2.2 percent (0.2 Bcf/d) to 8.8 Bcf/d.

The agency said that ongoing repairs at the Freeport LNG terminal in Texas resulting from the January 2024 winter storm have reduced sendout capacity from the facility.

Natural gas deliveries to terminals outside the Gulf Coast were flat week over week at 1.2 Bcf/d.

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

Sempra Infrastructure’s Cameron LNG terminal shipped four cargoes, while Venture Global’s Calcasieu Pass LNG terminal sent three cargoes during the week under review.

Also, the Cove Point terminal sent two LNG cargoes and the Elba Island LNG terminal and the Freeport terminal each shipped one cargo.

Henry Hub slightly up

This report week, the Henry Hub spot price rose 3 cents from $1.63 per million British thermal units (MMBtu) last Wednesday to $1.66/MMBtu this Wednesday.

The price of the April 2024 NYMEX contract increased 4.4 cents, from $1.885/MMBtu last Wednesday to $1.929/MMBtu this Wednesday.

Moreover, the price of the 12-month strip averaging April 2024 through March 2025 futures contracts climbed 1.2 cents to $2.829/MMBtu.

TTF averaged $8.38/MMBtu

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

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia increased 10 cents to a weekly average of $8.36/MMBtu.

Natural gas futures for delivery at the Dutch TTF rose 74 cents to a weekly average of $8.38/MMBtu.

In the same week last year (week ending March 8, 2023), the prices were $14.21/MMBtu in East Asia and $13.66/MMBtu at TTF, the agency said.

Most Popular

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

Shell ships first LNG Canada cargo

LNG giant Shell and its partners have shipped the first cargo produced at the LNG Canada facility in Kitimat, on the west coast of Canada.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

Atlantic LNG shipping rates down, Pacific rates up

Atlantic spot LNG shipping rates decreased to $48,750 per day this week, while Pacific rates rose compared to the week before.

US weekly LNG exports reach 30 cargoes

US liquefied natural gas (LNG) plants shipped 30 cargoes during the week ending June 25. According to the Energy Information Administration, pipeline deliveries to the LNG terminals rose compared to the prior week.

Coastal Bend LNG plans large Texas export plant

Coastal Bend LNG said it had initiated development of a 22.5 million ton per annum (mtpa) natural gas liquefaction and export facility on the Texas Gulf Coast.

Spain was top destination for US LNG supplies in April

Spain was the top destination for US liquefied natural gas cargoes in April, according to the Department of Energy’s LNG monthly report.