EIA: US weekly LNG exports reach 18 cargoes

US liquefied natural gas (LNG) exports were flat in the week ending September 7 when compared to the week before, while the Henry Hub spot price fell, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 18 LNG carriers departed the US plants between September 1 and September 7, the same as the in the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 67 Bcf.

Also, natural gas deliveries to US LNG export facilities increased by 0.2 Bcf/d to an average of 11.2 Bcf/d this report week.

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

Sempra’s Cameron LNG also dispatched four shipments, while Venture Global LNG’s Calcasieu Pass terminal shipped two cargoes and Cove Point one cargo, 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’s plant remains shut following an incident at the facility that took place on June 8. The LNG terminal operator delayed the restart of its 15 mtpa LNG export plant in Texas to November.

Henry Hub declines

This report week, the Henry Hub spot price fell 82 cents from $8.95 per million British thermal units (MMBtu) last Wednesday to $8.13/MMBtu this Wednesday, the agency said.

Moreover, the price of the October 2022 NYMEX contract decreased $1.285, from $9.127/MMBtu last Wednesday to $7.842/MMBtu this Wednesday.

The price of the 12-month strip averaging October 2022 through September 2023 futures contracts declined by 86.9 cents to $6.526/MMBtu, the agency said.

TTF drops

According to the agency, international natural gas futures prices declined this report week after reaching record highs the previous week.

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia decreased $7.95 to a weekly average of $56.07/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased $17.13 to a weekly average of $66.49/MMBtu, the agency said.

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