US weekly LNG exports reach 23 shipments

US liquefied natural gas (LNG) exports reached 23 shipments in the week ending July 10, and pipeline deliveries to US terminals decreased compared to the week before, according to the Energy Information Administration.

The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, the total capacity of these LNG vessels is 85 Bcf.

The EIA did not release its weekly report in the prior week due to holidays.

US LNG terminals shipped 29 cargoes in the week ending June 26, and this was the highest number of cargoes this year based on the agency’s previous weekly reports.

Natural gas deliveries to US terminals

Average natural gas deliveries to US LNG export terminals decreased 0.4 Bcf/d from last week to 11.9 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana increased by 4.2 percent (0.3 Bcf/d) to 7.7 Bcf/d, and natural gas deliveries to terminals in South Texas decreased 19.3 percent (0.7 Bcf/d) to 3.1 Bcf/d.

The agency said the decrease in feedgas deliveries to South Texas terminals was due to a shutdown of Freeport LNG as a precautionary measure ahead of Hurricane Beryl.

Natural gas deliveries to terminals outside the Gulf Coast were essentially unchanged at 1.2 Bcf/d, it said.

Hurricane Beryl, which made a landfall near Houston, Texas, on July 8, reduced feedgas demand by 2 Bcf/d, with much of that decrease coming from a shutdown of Freeport LNG as a precaution, the agency said.

Freeport LNG is located 40 miles to the northeast of the hurricane’s landfall.

During the week under review, Cheniere’s Sabine Pass plant shipped eight cargoes and the company’s Corpus Christi facility sent four shipments.

The Freeport LNG terminal, Sempra Infrastructure’s Cameron LNG terminal, and Venture Global LNG’s Calcasieu Pass facility each shipped three cargoes.

Also, the Elba Island facility and the Cove Point terminal each sent one cargo during the week under review.

Henry Hub up

This report week, the Henry Hub spot price rose 32 cents from $2.05 per million British thermal units (MMBtu) last Wednesday to $2.37/MMBtu this Wednesday.

The agency said the price of the August 2024 NYMEX contract decreased 8.9 cents, from $2.418/MMBtu last Wednesday to $2.329/MMBtu this Wednesday.

Moreover, the price of the 12-month strip averaging August 2024 through July 2025 futures contracts declined 7.7 cents to $3.001/MMBtu.

TTF averaged $10.51/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 8 cents to a weekly average of $12.49/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 13 cents to a weekly average of $10.51/MMBtu.

In the same week last year (week ending July 12, 2023), the prices were $12.04/MMBtu in East Asia and $9.78/MMBtu at TTF, the agency said.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

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.

More News Like This

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.

South Africa plans to buy US LNG

South Africa, which currently does not have LNG import terminals, plans to buy liquefied natural gas from the US under a 10-year deal.