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EIA said in its weekly natural gas storage report that the LNG-carrying capacity of vessels departing US ports was 141 Bcf, up 26 Bcf from the previous week.
Cheniere’s Sabine Pass plant shipped ten LNG cargoes, and the company’s Corpus Christi facility sent five shipments during the week ending May 13, according to the report.
Moreover, Venture Global LNG’s Plaquemines terminal sent eight cargoes, while the Freeport LNG facility sent five cargoes.
Sempra Infrastructure’s Cameron LNG terminal and Venture Global’s Calcasieu Pass facility each shipped three cargoes, the Cove Point facility shipped two cargoes, and the Elba Island facility sent one cargo during the week under review.
Henry Hub climbs
EIA reported that the Henry Hub spot price rose by 13 cents from $2.75/MMBtu last Wednesday to $2.88/MMBtu this Wednesday.
According to the agency, temperatures varied across the country this week but remained near normal overall, limiting heating and cooling needs.
Slightly cooler-than-normal temperatures in the eastern United States stood in contrast to slightly warmer-than-normal temperatures in the West.
Moreover, total US natural gas demand fell slightly by 0.5 Bcf/d (1 percent) compared with last week, according to LSEG data.
This was led by a 1.8 Bcf/d (13 percent) decrease in residential and commercial consumption and a 0.5 Bcf/d (2 percent) decrease in the industrial sector.
Meanwhile, electric power sector demand increased by 1.8 Bcf/d (6 percent).
Total supply increased by 1.0 Bcf/d (1 percent), led by a 1.0 Bcf/d (1 percent) increase in dry natural gas production, according to LSEG data.
TTF averaged $15.68/MMBtu
EIA said that the price at the Dutch Title Transfer Facility in Europe averaged $15.68/MMBtu, 17 cents lower than the previous week.
Moreover, the Japan-Korea Marker price averaged $16.93/MMBtu, 3 cents higher than the previous week.
Compared to the week ending February 25 (before LNG deliveries via the Strait of Hormuz were disrupted), this week’s TTF and JKM prices are up by 42 percent and 59 percent, respectively, EIA said.
