US weekly LNG exports dip to 17 cargoes

US liquefied natural gas (LNG) exports dropped in the week ending August 10 when compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 17 LNG carriers left the US plants between August 4 and August 10, down by five shipments when compared to the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 64 Bcf.

Natural gas deliveries to US LNG export facilities reached 10.8 Bcf/d, or 0.1 Bcf/d lower than last week.

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

Sempra’s Cameron LNG dispatched three shipments, while Venture Global LNG’s Calcasieu Pass terminal and the Cove Point facility each sent one cargo during the week under review, EIA said, citing shipping data by Bloomberg Finance.

Elba Island and Freeport LNG did not ship any cargoes. Freeport LNG entered into a consent agreement with the Pipeline Hazardous Materials Safety Administration (PHMSA) to resume operations at its LNG export plant in Texas in early October.

Henry Hub climbs

This report week, the Henry Hub spot price rose from $7.83/MMBtu last Wednesday to $7.89/MMBtu this Wednesday, the agency said.

Moreover, the price of the September 2022 Nymex contract decreased 6 cents, from $8.266/MMBtu last Wednesday to $8.202/MMBtu this Wednesday.

The price of the 12-month strip averaging September 2022 through August 2023 futures contracts declined 2 cents to $6.732/MMBtu, it said.

Spot LNG up, TTF down

According to the agency, international natural gas futures prices were mixed this report week.

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia increased 65 cents to a weekly average of $44.61/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 38 cents to a weekly average of $59.16/MMBtu.

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