US liquefaction plants shipped 28 liquefied natural gas (LNG) cargoes in the week ending January 10, while natural gas deliveries to these terminals increased by 1 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 28 LNG vessels is 100 Bcf.
The agency did not release its weekly report in the prior two weeks due to holidays. During the week of December 14-20, 2024, US terminals shipped 22 LNG cargoes.
Natural gas deliveries to US terminals
Average natural gas deliveries to US LNG export terminals increased by 0.1 Bcf/d week over week, averaging 14.7 Bcf/d, according to data from S&P Global.
Natural gas deliveries to terminals in South Louisiana decreased by 1 percent (0.1 Bcf/d) to 9.2 Bcf/d, while natural gas deliveries to terminals in South Texas increased by 5.4 percent (0.2 Bcf/d) to 4.4 Bcf/d.
The agency said that natural gas deliveries to terminals outside the Gulf Coast were essentially unchanged.
Cheniere’s Sabine Pass plant shipped eight cargoes and the company’s Corpus Christi facility sent four shipments during the period under review.
The Freeport LNG terminal and Venture Global’s Calcasieu Pass each shipped four cargoes, and Sempra Infrastructure’s Cameron LNG terminal and the Elba terminal each shipped three cargoes during the week under review.
Also, the Cove Point LNG terminal shipped two cargoes.
One LNG vessel with a carrying capacity of 3 Bcf docked for off-loading at the Everett LNG terminal in Boston Harbor in Massachusetts between January 4 and January 10, the agency said.
Henry Hub climbs to $3.23/MMBtu
This report week, the Henry Hub spot price rose 63 cents from $2.60 per million British thermal units (MMBtu) last Wednesday to $3.23/MMBtu this Wednesday, the second day in a row Henry Hub was above $3.20/MMBtu, the agency said.
The last time the Henry Hub price was at $3.00/MMBtu or above for more than one day was in early November 2023, it said.
Moreover, the price of the February 2024 NYMEX contract increased 37.1 cents, from $2.668/MMBtu last Wednesday to $3.039/MMBtu this Wednesday.
According to the agency, the price of the 12-month strip averaging February 2024 through January 2025 futures contracts climbed 14.2 cents to $3.008/MMBtu, with higher prices next winter pulling up the 12-month average.
The January 2025 futures contract rose above $4.00/MMBtu on January 9, significantly higher than futures prices for all other months in the strip, it said.
TTF slightly down
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 12 cents to a weekly average of $11.44/MMBtu.
Natural gas futures for delivery at the Dutch TTF decreased 3 cents to a weekly average of $10.35/MMBtu.
In the same week last year (week ending January 11, 2023), the prices were $27.67/MMBtu in East Asia and $22.02/MMBtu at TTF, the EIA said.