US weekly LNG exports remain flat

US liquefied natural gas (LNG) exports remained flat in the week ending December 14 while the Henry Hub spot price rose when compared to the last week, according to the Energy Information Administration.

EIA said in its weekly natural gas report that 23 LNG carriers departed the US plants between December 8 and December 14, same as the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 86 Bcf.

Overall natural gas deliveries to US LNG export terminals increased by 0.5 Bcf/d week over week to average 12.4 Bcf/d this report week, according to data from PointLogic.

Cheniere’s Sabine Pass plant shipped nine cargoes and its Corpus Christi facility sent four shipments.

Sempra’s Cameron LNG sent five shipments while Venture Global LNG’s Calcasieu Pass terminal dispatched three cargoes and Cove Point LNG two cargoes, EIA said, citing shipping data by Bloomberg Finance.

Elba Island LNG did not dispatch any cargos during the week under review while Freeport LNG remains shut following an incident at the facility that took place on June 8.

The operator of the LNG terminal is still working to restart operations at its 15 mtpa LNG export plant in Texas and expects to bring back online the facility by the end of this month.

Henry Hub climbs to $6.60/MMBtu

This report week, the Henry Hub spot price rose $2.07 from $4.53 per million British thermal units (MMBtu) last Wednesday to $6.60/MMBtu this Wednesday, the agency said.

Moreover, the price of the January 2023 NYMEX contract increased 70.7 cents, from $5.723/MMBtu last Wednesday to $6.430/MMBtu this Wednesday.

The price of the 12-month strip averaging January 2023 through December 2023 futures contracts climbed 45.8 cents to $5.490/MMBtu, EIA said.

TTF down

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

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia increased $0.48 to a weekly average of $33.46/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased $0.50 to a weekly average of $42.46/MMBtu, the agency said.

On Thursday, the TTF price for January settled at $41.188/MMBtu while JKM settled at $33.385/MMBtu.

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