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

Venture Global, Petronas seal 20-year LNG SPA

US LNG exporter Venture Global LNG has signed a 20-year LNG supply contract with Malaysian energy giant Petronas for volumes from the CP2 project in Louisiana.

Golden Pass LNG seeks re-export approval

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is seeking approval from the US DOE to export previously imported LNG from October, as it nears the launch of the first liquefaction train.

TPDC, Energetech Tantel to develop Tanzanian small-scale LNG plant

State-run Tanzania Petroleum Development Corporation has signed a memorandum of understanding with Energetech Tantel to develop what they say is Tanzania's first small-scale LNG plant.

More News Like This

Spot LNG shipping rates dropped this week

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

Ukraine’s Naftogaz to get another US LNG cargo from Orlen

Poland's Orlen will supply another US LNG cargo to Ukraine's Naftogaz, the fourth shipment as part of a deal signed earlier this year.

Atlantic LNG shipping rates down, Pacific rates up

Atlantic spot LNG shipping rates decreased to $48,750 per day this week, while Pacific rates rose compared to the week before.

US weekly LNG exports reach 30 cargoes

US liquefied natural gas (LNG) plants shipped 30 cargoes during the week ending June 25. According to the Energy Information Administration, pipeline deliveries to the LNG terminals rose compared to the prior week.