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.

- Advertisements -

Most Popular

Delfin seals long-term LNG supply deal with Gunvor

Delfin Midstream, the US developer of a floating LNG export project in the Gulf of Mexico, has signed a...

Origin: Australia Pacific LNG deliveries impacted as tanker loses power at jetty

Deliveries from the ConocoPhillips-operated Australia Pacific LNG plant on Curtis Island have been delayed as a loaded LNG tanker...

CoolCo says LNG newbuild duo still available for charter

LNG carrier operator CoolCo is still in talks with charterers to find work for two newbuild LNG vessels it...

More News Like This

US weekly LNG exports up to 27 cargoes

US liquefied natural gas (LNG) exports rose in the week ending November 15 compared to the week before, according...

Netherlands continues to be main destination for US LNG cargoes

The Netherlands was the top destination for US liquefied natural gas supplies for the fifth month in a row...

US LNG exports drop to 23 cargoes

US liquefied natural gas (LNG) exports decreased in the week ending November 9 compared to the week before, according...

US weekly LNG exports climb to 29 cargoes

US liquefied natural gas (LNG) exports rose in the week ending November 1 compared to the week before, according...