US weekly LNG exports reach 16 shipments

US liquefied natural gas (LNG) exports reached 16 cargoes in the week ending November 30 while the Henry Hub spot price rose when compared to the last week, according to the Energy Information Administration.

The EIA said in its weekly natural gas report that the total capacity of these 16 vessels, which left US plants during November 24 and November 30, is 59 Bcf.

The agency did not release the LNG shipment data last week. There were 22 shipments in the week between November 10 and November 16.

Natural gas deliveries to US LNG export facilities averaged 11.6 Bcf/d, or 0.5 Bcf/d lower than last week, according to the EIA.

Cheniere’s Sabine Pass plant shipped seven cargoes and its Corpus Christi facility sent three shipments.

Sempra’s Cameron LNG sent three shipments while Venture Global LNG’s Calcasieu Pass terminal dispatched two cargoes and Cove Point LNG one cargo, the EIA said, citing shipping data by Bloomberg Finance.

Freeport LNG did not ship any cargoes as it remains shut following an incident at the facility that took place on June 8.

The operator of the LNG terminal is still working to restart operations at its 15 mtpa LNG export plant in Texas and expects to bring back online the facility this month.

Henry Hub up

This report week, the Henry Hub spot rose 34 cents from $6.46 per million British thermal units (MMBtu) last Wednesday to $6.80/MMBtu this Wednesday, the agency said.

Moreover, the December 2022 NYMEX contract expired Monday at $6.712/MMBtu, down 60 cents from last Wednesday.

The January 2023 NYMEX contract price decreased to $6.930/MMBtu, down 78 cents from last Wednesday to this Wednesday.

According to the agency, the price of the 12-month strip averaging January 2023 through December 2023 futures contracts declined 15 cents to $5.709/MMBtu.

TTF climbs

The EIA said that international natural gas futures prices rose this report week.

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia increased $2.95 to a weekly average of $31.01/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased $4.07 to a weekly average of $40.01/MMBtu, the agency said.

- Advertisements -

Most Popular

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...

Nigeria’s NNPC teams up with China’s Wison on floating LNG project

State-run Nigerian National Petroleum Corp is joining forces with China's Wison to develop a floating LNG production project in...

Trinidad seals Atlantic LNG restructuring deal with Shell and BP

Trinidad and Tobago has finally signed a restructuring deal with the shareholders of LNG producer Atlantic LNG, Shell, BP,...

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...