US weekly LNG exports down to 20 shipments

US liquefied natural gas (LNG) exports decreased in the week ending January 24 compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 20 LNG carriers departed the US plants between January 18 and 24, seven vessels less compared to the week before.

Moreover, the total capacity of these LNG vessels is 76 Bcf, the EIA said, citing shipping data provided by Bloomberg Finance.

Natural gas deliveries to US terminals up

Average natural gas deliveries to US LNG export terminals increased by 5.6 percent (0.7 Bcf/d) week over week, averaging 13.2 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana increased by 14.2 percent (1.1 Bcf/d) to 9.1 Bcf/d, while natural gas deliveries to terminals in South Texas decreased by 11.7 percent (0.4 Bcf/d) to 3.2 Bcf/d.

The agency said that natural gas deliveries to terminals outside the Gulf Coast were essentially unchanged at 0.9 Bcf/d.

Cheniere’s Sabine Pass plant shipped seven cargoes and the company’s Corpus Christi facility sent four shipments during the period under review.

Sempra Infrastructure’s Cameron LNG terminal shipped three LNG cargoes, while the Freeport LNG terminal, Venture Global’s Calcasieu Pass terminal, and the Cove Point facility each shipped two cargoes during the week under review.

The Elba Island LNG terminal did not ship cargoes.

Last week, Texas and Louisiana experienced a cold snap, which affected operations at the Sabine Pass and Corpus Christi plants, the Cameron LNG terminal, and the Freeport terminal, according to reports.

Henry Hub drops to $2.44/MMBtu

This report week, the Henry Hub spot price fell 43 cents from $2.87 per million British thermal units (MMBtu) last Wednesday to $2.44/MMBtu this Wednesday, the agency said.

The price of the February 2024 NYMEX contract decreased 22.9 cents, from $2.870/MMBtu last Wednesday to $2.641/MMBtu this Wednesday, it said.

According to the agency, the price of the 12-month strip averaging February 2024 through January 2025 futures contracts declined 14.5 cents to $2.815/MMBtu.

TTF continues to decline

The agency said that international natural gas futures decreased this report week.

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia fell $1.01 to a weekly average of $9.49/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 71 cents to a weekly average of $8.92/MMBtu.

In the same week last year (week ending January 25, 2023), the prices were $22.42/MMBtu in East Asia and $19.67/MMBtu at TTF.

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