EIA says US weekly LNG exports drop to 16 cargoes

US liquefied natural gas (LNG) exports dropped in the week ending July 20 when compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 16 LNG carriers left the US plants between July 14 and July 20, down by seven shipments when compared to the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 61 Bcf.

Natural gas deliveries to US LNG export facilities averaged 10.9 Bcf/d, or 0.2 Bcf/d lower than last week.

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

Sempra’s Cameron LNG dispatched two shipments and Venture Global LNG’s Calcasieu Pass terminal and Cove Point each sent one cargo.

An LNG vessel discharged a cargo of some 3 Bcf at the Everett LNG facility, near Boston, Massachusetts, operated by Constellation, EIA said, citing shipping data by Bloomberg Finance.

Elba Island and Freeport LNG did not ship any cargoes during the week under review.

Freeport LNG said earlier this month it expects to resume partial liquefaction operations at its 15 mtpa export plant in Texas in early October after an incident took place at the facility on June 8.

Henry Hub up to $7.56/MMBtu

This report week, the Henry Hub spot price rose from $6.63/MMBtu last Wednesday to $7.56/MMBtu this Wednesday, the agency said.

The price of the August 2022 Nymex contract increased $1.318, from $6.689/MMBtu last Wednesday to $8.007/MMBtu this Wednesday.

Also, the price of the 12-month strip averaging August 2022 through July 2023 futures contracts climbed 91.3 cents to $6.848/MMBtu, EIA said.

Spot LNG, TTF down

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

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia decreased $1.02 to a weekly average of $38.11/MMBtu.

Natural gas futures for delivery at the Dutch TTF dropped $4.29 to a weekly average of $47.59/MMBtu, EIA said.

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