US November LNG exports hit record high

US LNG exports set a new monthly record in November, averaging 9.4 Bcf/d, according to the Energy Information Administration.

LNG exports in November increased by 17% than the previous monthly record set in January 2020 at 8.0 Bcf/d, the agency said in its weekly report.

As per weekly shipments, the US exported eighteen LNG cargoes in the week ending December 2, the same as the week before. The total capacity of LNG vessels carrying these cargoes is 65 Bcf.

Cheniere’s Sabine Pass plant sent five shipments during the week November 26-December 2 while its Corpus Christi plant dispatched two.

Additionally, Freeport dispatched four cargoes of the fuel while the Cameron terminal shipped three cargoes.

Cove Point and Elba Island sent two shipments of LNG, each, during the observed week.

Compared to the previous week, the Henry Hub spot price rose from a low of $2.28/MMBtu last Wednesday to $2.70/MMBtu two days ago amid cooler temperatures, EIA said.

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