US weekly LNG exports reach 29 shipments

US liquefied natural gas (LNG) exports reached 29 shipments in the week ending June 26, 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 29 LNG carriers departed the US plants between June 20 and June 26.

Citing shipping data provided by Bloomberg Finance, the EIA said the total capacity of these LNG vessels is 105 Bcf.

The EIA did not release its weekly report in the prior week due to holidays. US LNG terminals shipped 25 cargoes in the week ending June 12.

Based on the agency’s previous weekly reports, the 29 LNG cargoes sent during this week represent the highest number of cargoes this year.

Natural gas deliveries to US terminals

Average natural gas deliveries to US LNG export terminals decreased 0.4 Bcf/d from last week to 12.2 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana decreased by 5.3 percent (0.4 Bcf/d) to 7.2 Bcf/d, while natural gas deliveries to terminals in South Texas increased 0.3 percent (less than 0.1 Bcf/d) to 3.8 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 nine cargoes and the company’s Corpus Christi facility sent four shipments during the week under review.

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

Also, the Elba Island facility sent one cargo during the week under review.

Henry Hub up

This report week, the Henry Hub spot price rose 6 cents from $2.39 per million British thermal units (MMBtu) last Wednesday to $2.45/MMBtu this Wednesday.

The agency said the July 2024 NYMEX contract expired this Wednesday at $2.628/MMBtu, down 11.3 cents from last Thursday.

Moreover, the August 2024 NYMEX contract price decreased to $2.745/MMBtu, down 10.9 cents from last Thursday to this Wednesday.

The price of the 12-month strip averaging August 2024 through July 2025 futures contracts declined 8.5 cents to $3.268/MMBtu, the agency said.

TTF averaged $10.75/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 25 cents to a weekly average of $12.61/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 27 cents to a weekly average of $10.75/MMBtu.

In the same week last year (week ending June 28, 2023), the prices were $11.96/MMBtu in East Asia and $10.72/MMBtu at TTF, the agency said.

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