US weekly LNG exports rise to 23 shipments

US liquefied natural gas (LNG) exports rose in the week ending December 7 while the Henry Hub spot price dropped when compared to the last week, according to the Energy Information Administration.

EIA said in its weekly natural gas report that 23 LNG carriers departed the US plants between December 1 and December 7, seven more compared to the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 85 Bcf.

Overall natural gas deliveries to US LNG export terminals increased by 0.2 Bcf/d week over week to average 11.8 Bcf/d this report week, according to data from PointLogic.

Cheniere’s Sabine Pass plant shipped nine cargoes and its Corpus Christi facility sent four shipments.

Sempra’s Cameron LNG also sent four shipments while Venture Global LNG’s Calcasieu Pass terminal dispatched three cargoes and Cove Point LNG two cargoes.

Elba Island LNG also dispatched one cargo during the week under review, EIA said, citing shipping data by Bloomberg Finance.

Freeport LNG did not ship any cargoes as it remains shut following an incident at the facility that took place on June 8.

The operator of the LNG terminal is still working to restart operations at its 15 mtpa LNG export plant in Texas and expects to bring back online the facility by the end of this month.

Henry Hub down

This report week, the Henry Hub spot price fell $2.27 from $6.80 per million British thermal units (MMBtu) last Wednesday to $4.53/MMBtu this Wednesday, the agency said.

Moreover, the price of the January 2023 NYMEX contract decreased $1.207, from $6.930/MMBtu last Wednesday to $5.723/MMBtu this Wednesday.

The price of the 12-month strip averaging January 2023 through December 2023 futures contracts declined 67.7 cents to $5.032/MMBtu, the agency said.

EIA recently said it expects natural gas prices to increase from November levels as a result of both higher winter natural gas demand and rising LNG exports.

TTF climbs

The agency said that international natural gas futures prices rose this report week.

Bloomberg Finance reported that weekly average futures prices for LNG cargoes in East Asia increased $1.97 to a weekly average of $32.98/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased $2.94 to a weekly average of $42.95/MMBtu, the agency said.

- Advertisements -

Most Popular

Spark: spot LNG shipping rates ease this week

Spot charter rates for the global liquefied natural gas (LNG) carrier fleet declined this week as vessel availability increased,...

Pilot LNG, Seapath plan to build $150 million US bunkering facility

Houston-based Pilot LNG is joining forces with Libra Group's maritime unit Seapath to build what they say is the...

US weekly LNG exports down to 21 shipments

US liquefied natural gas (LNG) exports declined in the week ending September 27 compared to the week before, according...

More News Like This

US weekly LNG exports down to 21 shipments

US liquefied natural gas (LNG) exports declined in the week ending September 27 compared to the week before, according...

US weekly LNG exports climb to 28 shipments

US liquefied natural gas exports rose in the week ending September 20 compared to the week before as the...

Cheniere ships 3,000th LNG cargo

US LNG exporting giant Cheniere has produced and exported its 3,000th cargo since 2016, becoming the fastest company to...

Netherlands remains top importer of US LNG

The Netherlands was the top destination for US liquefied natural gas supplies for the third month in a row...