US weekly LNG exports rise to 22 shipments

US liquefied natural gas (LNG) exports rose in the week ending November 16 when compared to the week before, while the Henry Hub spot price increased as well, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 22 LNG carriers departed the US plants between November 10 and November 16, one more compared to the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 82 Bcf.

Also, natural gas deliveries to US LNG export facilities averaged 12 Bcf/d, or 0.5 Bcf/d higher than last week.

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

Sempra’s Cameron LNG sent five shipments while Venture Global LNG’s Calcasieu Pass terminal and Cove Point LNG each dispatched two cargoes.

Elba Island dispatched one cargo during the week under review as well, EIA said, citing shipping data by Bloomberg Finance.

Freeport LNG did not ship any cargoes as it 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.

Henry Hub climbs

This report week, the Henry Hub spot rose $2.29 from $3.45 per million British thermal units (MMBtu) last Wednesday to $5.74/MMBtu this Wednesday, the agency said.

Moreover, the price of the December 2022 NYMEX contract increased 33.5 cents, from $5.865/MMBtu last Wednesday to $6.200/MMBtu this Wednesday.

The price of the 12-month strip averaging December 2022 through November 2023 futures contracts climbed 20.3 cents to $5.349/MMBtu, the agency said.

TTF slightly up

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

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia decreased 85 cents to a weekly average of $27.06/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased 15 cents to a weekly average of $34.10/MMBtu, the agency said.

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