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.

- Advertisements -

Most Popular

NextDecade, Bechtel preparing Rio Grande LNG site ahead of FID

NextDecade, the US developer of the Rio Grande LNG export plant, and compatriot engineering and construction giant Bechtel are...

Gasunie working to further boost Dutch LNG import capacity

Dutch gas transmission network operator Gasunie is working to further boost the regasification capacity in the European country besides...

VesselsValue: Japan has the world’s most valuable LNG fleet

Japan owns the world’s most valuable fleet of liquefied natural gas (LNG) carriers, followed by Greece and South Korea,...

More News Like This

Freeport LNG expects to restart ops by end of year

Freeport LNG, the operator of the three-train 15 mtpa liquefaction plant, is now expecting to restart operations at its...

US weekly LNG exports reach 16 shipments

US liquefied natural gas (LNG) exports reached 16 cargoes in the week ending November 30 while the Henry Hub...

US weekly LNG exports rise to 22 shipments

US liquefied natural gas (LNG) exports rose in the week ending November 16 when compared to the week before,...

France was top destination for US LNG supplies in September

France was the top destination for US LNG exports in September as Europe continues to receive most of the...