US weekly LNG exports drop to 24 cargoes

US LNG exports dropped in the week ending April 6, while the Henry Hub spot price increased when compared to the week before, according to the Energy Information Administration.

The US has exported 24 LNG shipments between March 30 and April 6, 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 averaged 12.5 Bcf/d, or 0.7 Bcf/d lower than last week.

Six out of seven large US LNG terminals exported the 24 cargoes during the week under review.

The total capacity of LNG vessels carrying these cargoes is 89 Bcf.

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

The Freeport and Cameron facilities each dispatched four shipments as well.

In addition, Cove Point sent two cargoes and Elba Island one shipment during the week under review.

Henry Hub up to $6.25/MMBtu

This report week, the Henry Hub spot price rose from $5.34/MMBtu last Wednesday to $6.25/MMBtu this Wednesday, the agency said.

Prices along the Gulf Coast and across the Southeast were all higher this report week along with the NYMEX Henry Hub futures contract.

Feedgas deliveries to LNG export terminals along the Gulf Coast decreased by 0.6 Bcf/d per day to 11.3 Bcf/d this report week, EIA said.

The agency also noted that Venture Global LNG received FERC approval to commission liquefaction Block 6 at Calcasieu Pass on March 30.

Spot LNG down, TTF increases

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 $0.36/MMBtu to a weekly average of $34.05/MMBtu.

At the Dutch TTF, the day-ahead prices rose $1.50 to a weekly average of $36.17/MMBtu.

TTF prices averaged higher than East Asia spot prices for the second consecutive week as concerns about natural gas imports from Russia resulted in higher prices to attract flexible LNG cargoes, EIA said.

In the same week last year (week ending April 7, 2021), prices in East Asia and at the TTF were $6.95/MMBtu and $6.84/MMBtu, respectively, it said.

(Article updated on March 15, 2022, to include a correction by the US EIA. The agency said that the US had exported 24 cargoes instead of 23.)

- 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...