US weekly LNG exports reach 25 cargoes, Henry Hub up

US LNG exports rose in the week ending January 12, while the Henry Hub spot price logged an increase as well when compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that the US has exported 25 LNG shipments between January 6 and January 12, rising by one cargo when compared to the week before.

Natural gas deliveries to LNG export facilities averaged 12.2 Bcf/d, 0.3 Bcf/d higher than last week.

Six US terminals exported the 25 cargoes during the week under review. The total capacity of LNG vessels carrying these cargoes is 92 Bcf.

Cheniere’s Sabine Pass plant dispatched nine cargoes, while its Corpus Christi plant sent four shipments. The Freeport terminal sent five cargoes, Cameron four, and Cove Point two. Elba Island also sent one cargo.

Henry Hub spot price climbs

This report week, the Henry Hub spot price rose from a weekly low of $3.79/MMBtu last Wednesday to a weekly high of $4.59/MMBtu this Wednesday.

The Henry Hub price rose by 53 cents this Wednesday, the largest daily price increase since October 5, 2021, the agency said.

Flows out of South Louisiana rose 37 percent this report week in response to rising natural gas consumption throughout the eastern US as a cold front swept through most of the Lower 48 states that lie east of the Rockies, it said.

LNG prices, TTF up as well

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

Bloomberg Finance reported that swap prices for LNG cargoes in East Asia for the balance of January rose $1.08 to a weekly average of $33.87/MMBtu.

At the Dutch TTF, the day-ahead prices rose $1.57 to a weekly average of $28.07/MMBtu.

In the same week last year (week ending January 13, 2021), prices in East Asia and at TTF were $16.91/MMBtu and $7.97/MMBtu, respectively, EIA said.

Most Popular

Shell adds another LNG carrier to its fleet

A unit of UK-based LNG giant Shell has added another chartered liquefied natural gas carrier to its fleet.

Hanwha Engine completes first X-DF engine with VCR tech

South Korea's Hanwha Engine, a subsidiary of Hanwha, has completed what it claims is the world's first WinGD X-DF engine equipped with VCR (variable compression ratio) technology for LNG carriers.

CoolCo always looking at acquisitions, CFO says

LNG carrier owner CoolCo is always on the lookout for potential acquisitions, according to CFO John Boots.

More News Like This

Spot LNG shipping rates down this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet and European prices dropped this week compared to the previous week.

US LNG exports reach 28 cargoes

US liquefied natural gas (LNG) plants shipped 28 cargoes during the week ending August 27. According to the Energy Information Administration, pipeline deliveries to the LNG terminals rose compared to the prior week.

Trafigura, Kogas seal long-term US LNG supply deal

LNG trader Trafigura has signed a long-term deal to supply US LNG to South Korean importer Kogas.

Dutch terminals remained top destinations for US LNG in June

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