US weekly LNG exports reach 24 shipments

US liquefaction plants shipped 24 liquefied natural gas (LNG) cargoes in the week ending February 7, while natural gas deliveries to these terminals decreased by 4.9 percent compared to the week before.

The EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 24 LNG vessels is 89 Bcf.

The agency did not release its weekly report in the prior week.

During the week of January 18-24, 2024, US terminals shipped 20 LNG cargoes.

Natural gas deliveries to US terminals down

Average natural gas deliveries to US LNG export terminals decreased by 0.7 Bcf/d week over week, averaging 13.3 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana decreased by 1.4 percent (0.1 Bcf/d) to 9.2 Bcf/d, while natural gas deliveries to terminals in South Texas decreased by 15.1 percent (0.5 Bcf/d) to 2.9 Bcf/d.

The agency said that nearly all the declines in South Texas occurred at Cheniere’s Corpus Christi LNG terminal, where natural gas receipts fell by, on average, 0.5 Bcf/d, or close to 25 percent week over week.

Natural gas deliveries to terminals outside the Gulf Coast were essentially unchanged at 1.2 Bcf/d.

Cheniere’s Sabine Pass plant shipped nine cargoes and the company’s Corpus Christi facility sent three shipments during February 1 and February 7.

Venture Global’s Calcasieu Pass LNG terminal sent four cargoes and the Freeport LNG terminal and Sempra Infrastructure’s Cameron LNG terminal each shipped three cargoes during the week under review.

Also, the Cove Point LNG terminal shipped two cargoes, while the Elba terminal did not ship cargoes during the period.

Henry Hub drops to $1.97/MMBtu

This report week, the Henry Hub spot price fell 26 cents from $2.23 per million British thermal units (MMBtu) last Wednesday to $1.97/MMBtu this Wednesday, the lowest price since June 12, 2023, the agency said.

The price of the March 2024 NYMEX contract decreased 13.3 cents, from $2.100/MMBtu last Wednesday to $1.967/MMBtu this Wednesday.

According to the agency, this is the lowest settlement price for the March 2024 contract since trading of this contract began 12 years ago.

The price of the 12-month strip, averaging March 2024 through February 2025 futures contracts, declined 12.5 cents to $2.641/MMBtu, the agency said.

TTF averaged $9.07/MMBtu

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

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia rose 4 cents to a weekly average of $9.46/MMBtu.

Natural gas futures for delivery at the Dutch TTF fell 6 cents to a weekly average of $9.07/MMBtu.

In the same week last year (week ending February 8, 2023), the prices were $18.30/MMBtu in East Asia and $17.83/MMBtu at TTF.

The last time early-February prices at TTF averaged below $10/MMBtu was in 2021, the agency said.

Most Popular

Venture Global’s Plaquemines LNG seals new gas supply deal

Venture Global LNG’s Plaquemines LNG has signed a new natural gas sale and purchase deal with gas marketer Tenaska Marketing Ventures, according to a DOE filing.

Venture Global takes FID on CP2 LNG

US LNG exporter Venture Global LNG has taken a final investment decision (FID) on the first phase of its CP2 LNG project in Louisiana. The company also closed the $15.1 billion project financing, claiming that it represents the largest standalone project financing ever, and the second-largest project financing after the combined financings of Venture Global’s Plaquemines LNG.

Atlantic LNG shipping rates remain steady, European prices down

Atlantic spot LNG shipping remained steady this week, whilst European prices dropped compared to last week.

More News Like This

Netherlands was top destination for US LNG cargoes in May

Dutch Gate and Eemshaven LNG terminals were the top destinations for US liquefied natural gas cargoes in May, according to the Department of Energy’s LNG monthly report.

Atlantic LNG shipping rates remain steady, European prices down

Atlantic spot LNG shipping remained steady this week, whilst European prices dropped compared to last week.

US LNG exports down to 28 cargoes

US liquefied natural gas (LNG) plants shipped 28 cargoes during the week ending July 23. According to the Energy Information Administration, pipeline deliveries to the LNG terminals decreased compared to the prior week.

IEA: global LNG trade up 4 percent in H1

Global LNG trade growth accelerated to 4 percent (12 bcm) in the first half of 2025, with exporters adding about 60 percent more LNG supply to the market than was added in the whole of 2024, according to a new report by the International Energy Agency.