US weekly LNG exports down to 18 cargoes

US liquefied natural gas exports dropped in the week ending June 29, as the Freeport LNG facility in Texas remains offline following a fire earlier this month.

The US has exported 18 LNG shipments between June 23 and June 29, down by one shipment when compared to the week before, the Energy Information Administration said in its weekly natural gas report.

The total capacity of LNG vessels carrying these cargoes is 66 Bcf.

Natural gas deliveries to LNG export facilities averaged averaged 10.5 Bcf/d, or 0.2 Bcf/d lower than last week, the agency said.

Cheniere’s Sabine Pass plant shipped six cargoes and its Corpus Christi facility sent four shipments. Sempra’s Cameron LNG dispatched four cargoes as well.

The Cove Point sent two cargoes and Venture Global LNG’s Calcasieu Pass terminal and Elba Island shipped one cargo during the week under review, EIA said, citing shipping data by Bloomberg Finance.

Freeport LNG did not ship any cargoes.

Freeport LNG said late on Thursday it now expects to resume partial liquefaction operations at its 15 mtpa export plant in Texas in early October after an incident took place at the facility on June 8.

The LNG terminal operator said it continues to target year-end for a return to full production.

Henry Hub up to $6.67/MMBtu

This report week, the Henry Hub spot price rose from $6.59/MMBtu last Wednesday to $6.67/MMBtu this Wednesday, the agency said.

Total consumption of natural gas in all sectors along the Gulf Coast (South Texas and South Louisiana subregions) and across the Southeast region fell by a combined 0.3 billion cubic feet per day (Bcf/d) this report week, according to data from PointLogic.

Natural gas deliveries to LNG export terminals in South Texas were unchanged at 2.3 Bcf/d, while deliveries to LNG export terminals in South Louisiana decreased slightly by 0.2 Bcf/d to 7 Bcf/d, the agency said.

Spot LNG, TTF up

According to the agency, international natural gas prices increased this report week.

Bloomberg Finance reported that swap prices for LNG cargoes in East Asia increased $4.58 to a weekly average of $36.87/MMBtu.

At the Dutch TTF, the day-ahead price rose $3.29 to a weekly average of $40.37/MMBtu.

In the same week last year (week ending June 30, 2021), the prices in East Asia and at TTF were $12.75/MMBtu and $11.57/MMBtu, respectively, the agency said.

(This article was updated to add a correction by the Energy Information Administration to say that US terminals exported 18 instead of 17 LNG cargoes.)

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