US weekly LNG exports reach 21 shipments

US liquefied natural gas (LNG) exports dropped in the week ending May 1 compared to the week before, according to the Energy Information Administration.

The agency said in its weekly report that 21 LNG carriers departed the US plants between April 25 and May 1, one shipment less compared to the week before.

Citing shipping data provided by Bloomberg Finance, the EIA said the total capacity of these LNG vessels is 80 Bcf.

Natural gas deliveries to US terminals climb

Average natural gas deliveries to US LNG export terminals increased 6.3 percent (0.7 Bcf/d) week over week, averaging 12.2 Bcf/d, according to data from S&P Global Commodity Insights

Natural gas deliveries to terminals in South Texas rose 22 percent (0.4 Bcf/d) to 2.4 Bcf/d, while deliveries to terminals in South Louisiana rose 3.5 percent (0.3 Bcf/d) to 8.5 Bcf/d this report week.

The agency said that natural gas deliveries to terminals outside of the US Gulf Coast were essentially unchanged this report week at 1.3 Bcf/d.

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

Sempra Infrastructure’s Cameron LNG terminal shipped four cargoes while Venture Global LNG’s Calcasieu Pass facility and the Cove Point terminal each shipped three cargoes during the period.

Also, the Elba Island and the Freeport LNG facility each sent one LNG cargo during the week.

Freeport LNG, south of Houston, Texas said in March it will operate with only the third train until “sometime in May” when it expects to bring back online the first and the second train.

According to reports, the third LNG train tripped offline on April 9 and on April 23 as well.

Henry Hub climbs

This report week, the Henry Hub spot price rose 4 cents from $1.59 per million British thermal units (MMBtu) last Wednesday to $1.63/MMBtu this Wednesday.

The agency said the May 2024 NYMEX contract expired Friday at $1.614/MMBtu, down 4 cents from last Wednesday.

The June 2024 NYMEX contract price decreased to $1.932/MMBtu, down 5 cents from last Wednesday to yesterday.

According to the agency, the price of the 12-month strip averaging June 2024 through May 2025 futures contracts declined 5 cents to $2.880/MMBtu.

TTF averaged $9.07/MMBtu

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

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia decreased 21 cents to a weekly average of $10.31/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 30 cents to a weekly average of $9.07/MMBtu.

In the same week last year (week ending May 3, 2023), the prices were $11.54/MMBtu in East Asia and $12.32/MMBtu at TTF, the agency said.

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