US weekly LNG exports reach 26 shipments

US liquefied natural gas (LNG) exports reached 26 shipments in the week ending June 5 and pipeline deliveries to US terminals increased compared to the week before, according to the Energy Information Administration.

The agency said in its weekly report that 26 LNG carriers departed the US plants between May 30 and June 5. This is the same number of shipments compared to the week before.

Citing shipping data provided by Bloomberg Finance, the EIA said the total capacity of these LNG vessels is 94 Bcf.

Natural gas deliveries to US terminals

Average natural gas deliveries to US LNG export terminals increased 0.2 Bcf/d from last week to 13.2 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana increased 7 percent (0.5 Bcf/d) to 8 Bcf/d, while natural gas deliveries to terminals in South Texas decreased 4.5 percent (0.2 Bcf/d) to 4 Bcf/d.

The agency said that natural gas deliveries to terminals outside the Gulf Coast averaged 1.2 Bcf/d this week, down from 1.3 Bcf/d the previous week.

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

The Freeport LNG terminal shipped five cargoes, while Venture Global LNG’s Calcasieu Pass facility and Sempra Infrastructure’s Cameron LNG terminal each shipped three cargoes during the period.

Also, the Cove Point facility sent two cargoes and the Elba Island facility sent one cargo during the week under review.

Henry Hub almost flat

This report week, the Henry Hub spot price rose 1 cent from $2.21 per million British thermal units (MMBtu) last Wednesday to $2.22/MMBtu this Wednesday.

The July 2024 NYMEX contract price increased to $2.757/MMBtu, up 9 cents from last Wednesday to this Wednesday.

The price of the 12-month strip averaging July 2024 through June 2025 futures contracts also climbed 9 cents to $3.223/MMBtu, the agency said.

TTF averaged $11/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 decreased 2 cents to a weekly average of $11.98/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased 14 cents to a weekly average of $11/MMBtu.

In the same week last year (week ending June 7, 2023), the prices were $9.25/MMBtu in East Asia and $7.95/MMBtu at TTF, the agency said.

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