US weekly LNG exports reach 28 cargoes

US liquefaction plants shipped 28 liquefied natural gas (LNG) cargoes in the week ending December 13, while natural gas deliveries to these terminals increased by 3.9 percent compared to the week before.

The US EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 28 vessels is 105 Bcf.

During the week from November 30 to December 6, 29 vessels with a capacity of 105 Bcf departed the US plants.

Natural gas deliveries to US terminals

Average natural gas deliveries to US LNG export terminals during December 7-13 rose by 0.5 Bcf/d week over week, averaging 14.6 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana increased by 7.5 percent (0.6 Bcf/d) to 9.2 Bcf/d, while natural gas deliveries to terminals in South Texas decreased by 2.4 percent (0.1 Bcf/d) to 4.2 Bcf/d.

The agency said that 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 four shipments during the period under review.

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

Also, the Cove Point LNG terminal shipped two cargoes and the Elba Island LNG facility sent one cargo.

Henry Hub drops to $2.33/MMBtu

This report week, the Henry Hub spot price decreased 40 cents from $2.73 per million British thermal units (MMBtu) last Wednesday to $2.33/MMBtu this Wednesday, the agency said.

Moreover, the price of the January 2024 NYMEX contract decreased 23.4 cents, from $2.569/MMBtu last Wednesday to $2.335/MMBtu this Wednesday.

According to the agency, the price of the 12-month strip averaging January 2024 through December 2024 futures contracts declined 18.3 cents to $2.563/MMBtu.

TTF 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 decreased 33 cents to a weekly average of $15.77/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased $1.18 to a weekly average of $11.73/MMBtu.

In the same week last year (week ending December 14, 2022), the prices were $33.46/MMBtu in East Asia and $42.46/MMBtu at TTF, the EIA said.

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