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 deliveries to these terminals dropped by 0.6 percent compared to the week before.

The EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 24 LNG vessels is 91 Bcf.

The agency did not release its weekly report in the prior week due to holidays. During the week of November 9-15, US terminals shipped 27 LNG cargoes.

Average natural gas deliveries to US LNG export terminals during the week November 23-29 decreased by 0.1 Bcf/d compared to the prior week, averaging 14.3 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana decreased by 1.5 percent (0.1 Bcf/d) to 8.7 Bcf/d, while natural gas deliveries to terminals in South Texas increased by 1.7 percent (0.1 Bcf/d)

The agency said that natural gas deliveries to terminals outside the Gulf Coast decreased by 2.2 percent (less than 0.1 Bcf/d).

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

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

Also, the Cove Point plant sent one cargo during the week. The Elba Island LNG terminal did no ship cargoes during the week under review.

Henry Hub slightly down

This report week, the Henry Hub spot price decreased 2 cents from $2.72 per million British thermal units (MMBtu) last Wednesday to $2.70/MMBtu this Wednesday, the agency said.

The December 2023 NYMEX contract expired Tuesday at $2.706/MMBtu, down 19 cents from last Wednesday.

Moreover, the January 2024 NYMEX contract price decreased to $2.804/MMBtu, down 23 cents from last Wednesday to this Wednesday, the EIA said.

According to the agency, the price of the 12-month strip averaging January 2024 through December 2024 futures contracts declined 12 cents to $2.983/MMBtu.

TTF drops

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

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia decreased 26 cents to a weekly average of $16.57/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 45 cents to a weekly average of $13.97/MMBtu.

In the same week last year (week ending November 30, 2022), the prices were $31.01/MMBtu in East Asia and $40.01/MMBtu at TTF, the EIA said.

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