US weekly LNG exports reach 21 shipments

US liquefied natural gas (LNG) exports remained flat in the week ending November 9 when compared to the week before, while the Henry Hub spot price dropped, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 21 LNG carriers departed the US plants between November 3 and November 9, the same as the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 78 Bcf.

Also, natural gas deliveries to US LNG export facilities decreased by 0.4 Bcf/d week over week to average 11.5 Bcf/d this report week, according to data from PointLogic.

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

Sempra’s Cameron LNG also sent four shipments, and Venture Global LNG’s Calcasieu Pass terminal dispatched three cargoes

Cove Point and Elba Island dispatched one cargo each as well, 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 still expects to restart operations at its 15 mtpa LNG export plant in Texas in November.

Henry Hub dips

This report week, the Henry Hub spot fell $1.06 from $4.51 per million British thermal units (MMBtu) last Wednesday to $3.45/MMBtu this Wednesday, the lowest daily price since December 2021, the agency said.

Moreover, the price of the December 2022 NYMEX contract decreased 40.3 cents, from $6.268/MMBtu last Wednesday to $5.865/MMBtu this Wednesday.

The price of the 12-month strip averaging December 2022 through November 2023 futures contracts declined 20.5 cents to $5.146/MMBtu, the agency said.

TTF slightly down

According to the agency, international natural gas futures prices declined this report week.

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia decreased $1.06 to a weekly average of $27.91/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased less than 2 cents to a weekly average of $33.95/MMBtu, the agency said.

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