US weekly LNG exports rise to 25 cargoes

US LNG exports rose in the week ending March 30, while the Henry Hub spot price also increased when compared to the week before, according to the Energy Information Administration.

The US has exported 25 LNG shipments between March 24 and March 30, up by two shipments when compared to the week before, the agency said in its weekly natural gas report.

Natural gas deliveries to LNG export facilities averaged 13.2 Bcf/d, or 0.3 Bcf/d higher than last week.

All seven large US terminals exported the 25 cargoes during the week under review.

The total capacity of LNG vessels carrying these cargoes is 93 Bcf.

Cheniere’s Sabine Pass plant dispatched eight cargoes while its Corpus Christi plant sent four shipments.

The Freeport facility sent five shipments while Cameron dispatched thee shipments.

In addition, Calcasieu Pass and Cove Point each dispatched two cargoes, and Elba Island one shipment.

Henry Hub up to $5.34/MMBtu

This report week, the Henry Hub spot price rose from $5.26/MMBtu last Wednesday to $5.34/MMBtu this Wednesday, after reaching a high mid-week of $5.49/MMBtu Friday.

Temperatures along the Gulf Coast were lower than normal at the start of the report week, but since Friday increased above normal for this time of year, EIA said.

Natural gas consumption for electric power generation in South Texas and South Louisiana increased by 9 percent this report week, while consumption in the residential and commercial sectors declined by over 20 percent, according to data from PointLogic.

Feedgas deliveries to LNG export terminals along the Gulf Coast increased by 0.3 billion cubic feet per day (Bcf/d) to 12.0 Bcf/d this report week, due to increased deliveries to terminals in South Texas, the agency said.

Spot LNG down, TTF climbs

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

Bloomberg Finance reported that swap prices for LNG cargoes in East Asia fell $1.14/MMBtu to a weekly average of $34.41/MMBtu.

At the Dutch TTF, the day-ahead prices rose $1.85 to a weekly average of $34.66/MMBtu.

TTF prices averaged higher than East Asia spot prices for the first time since early March as concerns about natural gas imports from Russia resulted in higher prices to attract flexible LNG cargoes, the agency said.

In the same week last year (week ending March 31, 2021), prices in East Asia and at TTF were $6.82/MMBtu and $6.38/MMBtu, respectively, it said.

Most Popular

Aramco eyes large LNG portfolio

Aramco's long-term ambition is to have a portfolio of 20 million tonnes per annum (mtpa) of LNG capacity, according to Aramco’s CEO, Amin Nasser.

Argentina’s Southern Energy takes FID on second FLNG

Argentina's Southern Energy takes FID on second FLNG

YPF CEO sees FIDs on FLNG projects with Eni, Shell in Q1 2026

Argentina’s state-owned oil and gas company YPF and its partners Eni and Shell may take final investment decisions on two stages of the Argentina LNG project in the first quarter of 2026, according to YPF CEO Horacio Marin.

More News Like This

US LNG exports climb to 30 shipments

US liquefied natural gas (LNG) plants shipped 30 cargoes during the week ending August 6. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

Targray plans to export US bio-LNG to Europe

New York-based Targray Industries, a unit of Canada's Targray, plans to export small quantities of bio-LNG in ISO containers from the US and deliver it to Europe and Japan.

Atlantic LNG shipping rates climb, Pacific rates down

Atlantic spot LNG shipping rates increased this week, while Pacific rates declined compared to the week before.

US LNG exports reach 28 cargoes

US liquefied natural gas (LNG) plants shipped 28 cargoes during the week ending July 30. According to the Energy Information Administration, pipeline deliveries to the LNG terminals decreased compared to the prior week.