US weekly LNG exports reach 23 cargoes

US liquefied natural gas (LNG) exports decreased in the week ending August 2, while the Henry Hub spot price fell as well when compared to the week before, the Energy Information Administration said in its weekly natural gas report.

The EIA said that 23 LNG carriers departed the US plants between July 27 and August 2, one vessel less when compared to the week before.

The agency said that the total capacity of these LNG vessels is 85 Bcf.

Moreover, average natural gas deliveries to US LNG export terminals decreased by 2.6 percent (0.3 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 increased by 1.8 percent (0.1 Bcf/d) to 4 Bcf/d, while deliveries to terminals in South Louisiana decreased by 5.7 percent (0.4 Bcf/d) to 7.1 Bcf/d.

Deliveries to Cove Point LNG rise

The agency said that natural gas deliveries to terminals outside the Gulf Coast increased by 3 percent (less than 0.1 Bcf/d) because of increased deliveries to the Cove Point LNG terminal in Maryland.

Effective July 31, TC Energy lifted the force majeure on its Columbia Gas Transmission pipeline, which resulted in last week’s lower natural gas deliveries to Cove Point, it said.

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

The Freeport LNG terminal also sent five shipments, while Sempra’s Cameron LNG terminal shipped three cargoes and Venture Global’s Calcasieu Pass terminal shipped two cargoes, the EIA said, citing shipping data by Bloomberg Finance.

The Cove point facility sent one cargo and the Elba Island terminal did not ship cargoes during the week under review, it said.

Henry Hub down to $2.43/MMBtu

This report week, the Henry Hub spot price dropped 18 cents from $2.61 per million British thermal units (MMBtu) last Wednesday to $2.43/MMBtu this Wednesday, the agency said.

Moreover, the August 2023 NYMEX contract expired Thursday at $2.492/MMBtu, down 17 cents from last Wednesday.

The September 2023 NYMEX contract price decreased to $2.477/MMBtu, down 22 cents from last Wednesday to this Wednesday.

According to the agency, the price of the 12-month strip averaging September 2023 through August 2024 futures contracts declined 16 cents to $3.164/MMBtu.

TTF down

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 $10.91/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 75 cents to a weekly average of $8.92/MMBtu.

In the same week last year (week ending August 3, 2022), the prices were $43.97/MMBtu in East Asia and $59.54/MMBtu at TTF, the agency said.

Most Popular

Venture Global kicks off CP2 LNG site work

US LNG exporter Venture Global said it had initiated full mobilization and started site work at the company’s third LNG export facility, CP2 LNG.

Purus orders LNG carrier in South Korea

London-based Purus Marine has ordered one 180,000-cbm liquefied natural gas (LNG) carrier in South Korea.

Excelerate advances Vietnam LNG talks

US FSRU player Excelerate Energy is moving forward with its plans to supply Vietnam with liquefied natural gas (LNG) supplies from the US.

More News Like This

Cheniere kicks off Sabine Pass LNG maintenance

US LNG exporting giant Cheniere has started planned maintenance at its Sabine Pass LNG export facility in Louisiana.

Atlantic LNG shipping rates continue to decrease

Atlantic LNG freight shipping rates continued to decrease this week, while European prices also dropped compared to last week.

US weekly LNG exports reach 29 cargoes

US liquefied natural gas (LNG) plants shipped 29 cargoes during the week ending May 28. According to the Energy Information Administration, pipeline deliveries to the LNG terminals remained unchanged compared to the prior week.

CEZ expands LNG business with new shipment

Czech utility CEZ has expanded its LNG business by arranging an entire delivery of US LNG, including the charter of a Knutsen-owned LNG carrier, to the Dutch Eemshaven FSRU-based LNG terminal.