US weekly LNG exports reach 25 shipments

US liquefied natural gas (LNG) exports reached 25 shipments in the week ending June 12, 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 that 25 LNG carriers departed the US plants between June 6 and June 12. This is one cargo less compared to the week before.

Citing shipping data provided by Bloomberg Finance, the EIA said the total capacity of these LNG vessels is 94 Bcf.

Natural gas deliveries to US terminals

Average natural gas deliveries to US LNG export terminals decreased 0.3 Bcf/d from last week to 12.9 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana decreased by 5.4 percent (0.4 Bcf/d) to 7.6 Bcf/d, while natural gas deliveries to terminals in South Texas increased 3.6 percent (0.1 Bcf/d) to 4.2 Bcf/d

The agency said that natural gas deliveries to terminals outside the Gulf Coast were essentially unchanged at 1.2 Bcf/d.

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

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

Henry Hub up

This report week, the Henry Hub spot price rose 58 cents from $2.22 per million British thermal units (MMBtu) last Wednesday to $2.80/MMBtu this Wednesday.

The price of the July 2024 NYMEX contract increased 28.8 cents, from $2.757/MMBtu last Wednesday to $3.045/MMBtu this Wednesday, the agency said.

Before Tuesday, when the front-month futures price settled at $3.129/MMBtu, the front-month price had not been above $3.00/MMBtu since January, it said.

The price of the 12-month strip averaging July 2024 through June 2025 futures contracts climbed 23.6 cents to $3.459/MMBtu.

TTF averaged $10.81/MMBtu

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

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia increased 1 cent to a weekly average of $11.99/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 19 cents to a weekly average of $10.81/MMBtu.

In the same week last year (week ending June 14, 2023), the prices were $9.29/MMBtu in East Asia and $10.40/MMBtu at TTF, the agency said.

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