US weekly LNG exports rise to 19 cargoes

US liquefied natural gas (LNG) exports rose in the week ending August 17 when compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 19 LNG carriers left the US plants between August 11 and August 17, up by two shipments when compared to the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 70 Bcf.

Natural gas deliveries to US LNG export facilities increased by 0.2 Bcf/d to 11 Bcf/d this report week.

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

Sempra’s Cameron LNG dispatched four shipments as well, while Venture Global LNG’s Calcasieu Pass terminal, the Cove Point facility, and the Elba Island facility each sent one cargo during the week under review, EIA said, citing shipping data by Bloomberg Finance.

Freeport LNG did not ship any cargoes. The LNG terminal operator entered into a consent agreement with the Pipeline Hazardous Materials Safety Administration (PHMSA) to resume operations at its LNG export plant in Texas in early October.

Henry Hub climbs

This report week, the Henry Hub spot price rose from $7.89/MMBtu last Wednesday to $9.51/MMBtu this Wednesday, the agency said.

Moreover, the price of the September 2022 Nymex contract increased $1.042, from $8.202/MMBtu last Wednesday to $9.244/MMBtu this Wednesday.

The price of the 12-month strip averaging September 2022 through August 2023 futures contracts climbed 81.3 cents to $7.545/MMBtu, it said.

Spot LNG, TTF up

According to the agency, international natural gas futures prices rose this report week.

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia increased $5.33 to a weekly average of $49.94/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased $5.91 to a weekly average of $65.07/MMBtu.

- Advertisements -

Most Popular

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Sempra takes FID on Port Arthur LNG project

US LNG player Sempra Infrastructure, a unit of Sempra, has taken a final investment decision for the first phase...

Excelerate to buy FSRU from Maran Gas

US floating LNG player Excelerate Energy plans to exercise an option to buy the 2020-built FSRU Sequoia from Greece’s...

More News Like This

US weekly LNG exports rise to 27 shipments

US liquefied natural gas (LNG) exports rose in the week ending March 22, while the Henry Hub spot price...

Spark: Atlantic LNG freight rates drop to $51,250 per day

Spark Commodities reported on Tuesday a drop in its Atlantic LNG freight rates due to high vessel availability. "After holding...

US weekly LNG exports drop to 22 shipments

US liquefied natural gas (LNG) exports dropped in the week ending March 15, while the Henry Hub spot price...

UK was top destination for US LNG in January

The UK was the top destination for US liquefied natural gas (LNG) supplies for the third month in a...