EIA says US weekly LNG exports drop to 18 cargoes

US LNG exports dropped in the week ending February 23, while the Henry Hub spot price logged a rise when compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that the US has exported 18 LNG shipments between February 17 and February 23, down by five cargoes when compared to the week before.

Natural gas deliveries to LNG export facilities averaged 11.9 Bcf/d, or 0.9 Bcf/d lower than last week.

Four out of six large US terminals exported the 18 cargoes during the week under review. The total capacity of LNG vessels carrying these cargoes is 67 Bcf.

Cheniere’s Sabine Pass plant dispatched six cargoes, while its Corpus Christi plant sent five shipments. The Cameron terminal sent four shipments, while Freeport dispatched three cargoes.

“Loadings may have been affected this week by fog and winter weather conditions that caused piloting services to be suspended for several days on the Sabine Pass and Lake Charles (the location of Cameron LNG) waterways,” EIA said.

Henry Hub spot climbs to $4.57/MMBtu

This report week, the Henry Hub spot price rose from $4.39/MMBtu last Wednesday to $4.57/MMBtu this Wednesday.

Prices across much of the Southeast also rose. According to reports by IHS Markit, natural gas consumption for electricity generation in South Texas increased by almost 10 percent this report week as temperatures along the Texas Gulf Coast were warmer than normal.

On Monday, the temperature reached a high of 83°F (28.3°C) in Houston, Texas.

TTF above Asian LNG prices

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 for the balance of February fell $0.43 to a weekly average of $24.39/MMBtu from $24.82/MMBtu last week.

At the Dutch TTF, the day-ahead prices rose $1.26 to a weekly average of $25.72/MMBtu, bringing the TTF price back above the price in East Asia.

In the same week last year, week ending February 24, 2021, prices in East Asia and at TTF were $6.29/MMBtu and $5.80/MMBtu, respectively, EIA said.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

CMA CGM’s LNG-powered giant floated out in China

China’s Hudong-Zhonghua has launched the third in a new series of 24,000-teu LNG dual-fuel containerships for French shipping giant CMA CGM.

Venture Global gets OK to introduce gas to final Plaquemines LNG block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the 18th and final liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

More News Like This

Spot LNG shipping rates down this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet and European prices dropped this week compared to the previous week.

US LNG exports reach 28 cargoes

US liquefied natural gas (LNG) plants shipped 28 cargoes during the week ending August 27. According to the Energy Information Administration, pipeline deliveries to the LNG terminals rose compared to the prior week.

Trafigura, Kogas seal long-term US LNG supply deal

LNG trader Trafigura has signed a long-term deal to supply US LNG to South Korean importer Kogas.

Dutch terminals remained top destinations for US LNG in June

Dutch Gate and Eemshaven LNG terminals remained the top destinations for US liquefied natural gas cargoes in June, according to the Department of Energy’s LNG monthly report.