US weekly LNG exports reach 26 shipments

US liquefaction plants shipped 26 liquefied natural gas (LNG) cargoes in the week ending February 28, while natural gas deliveries to these terminals increased compared to the week before.

The US EIA said in its weekly natural gas report that 26 LNG carriers departed the US plants between February 22 and February 28, the same as in the week before.

Citing shipping data provided by Bloomberg Finance, the agency said the total capacity of these LNG vessels is 97 Bcf.

Natural gas deliveries to US terminals up 2.2 percent

Average natural gas deliveries to US LNG export terminals increased by 2.2 percent (0.3 Bcf/d) week over week, averaging 13.9 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana increased by 3.6 percent (0.3 Bcf/d) to 9 Bcf/d, while natural gas deliveries to terminals in South Texas were essentially unchanged at 3.7 Bcf/d.

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

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

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

Also, the Cove Point terminal sent two LNG cargoes and the Elba Island LNG terminal did not ship cargoes during the week under review.

Henry Hub climbs to $1.63/MMBtu

This report week, the Henry Hub spot price rose 3 cents from $1.60 per million British thermal units (MMBtu) last Wednesday to $1.63/MMBtu this Wednesday.

The March 2024 NYMEX contract expired Tuesday at $1.615/MMBtu, down 16 cents from last Wednesday.

Moreover, the April 2024 NYMEX contract price increased to $1.885/MMBtu, up 2 cents from last Wednesday to yesterday.

According to the agency, the price of the 12-month strip averaging April 2024 through March 2025 futures contracts climbed 9 cents to $2.817/MMBtu.

TTF averaged $7.64/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 fell 39 cents to a weekly average of $8.26/MMBtu.

Natural gas futures for delivery at the Dutch TTF fell 11 cents to a weekly average of $7.64/MMBtu.

In the same week last year (week ending March 1, 2023), the prices were $14.76/MMBtu in East Asia and $15.10/MMBtu at TTF, the agency said.

- Advertisements -

Most Popular

South Korean yards built 500 LNG carriers for export in 30 years

South Korean yards have completed 500 liquefied natural gas (LNG) tankers for export since 1994, according to the Ministry...

MARAD: Delfin needs to submit amended application for FLNG project

The US Maritime Administration (MARAD) said that Delfin LNG needs to file an amended application for its floating LNG...

TotalEnergies takes FID on Marsa LNG bunkering project in Oman

French energy giant TotalEnergies has taken a final investment decision on the Marsa LNG bunkering project in Oman. Technip...

More News Like This

Spot LNG shipping rates remain steady, European prices jump

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet remained almost flat this week, while European...

US weekly LNG exports down to 21 shipments

US liquefied natural gas (LNG) exports decreased in the week ending April 17 compared to the week before, with...

Spot LNG shipping rates continue to drop, European prices climb

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet continued to decrease this week, while European...

US weekly LNG exports down to 22 shipments

US liquefied natural gas (LNG) exports decreased in the week ending April 10 compared to the week before, according...