US weekly LNG exports still low

US weekly liquefied natural gas exports are still weak as prices remain at their lowest levels in years due to the Covid-19 pandemic.

EIA said in its weekly gas natural gas report that three US terminals dispatched only five LNG cargoes during the week July 30-August 5.

The total capacity of the LNG vessels carrying these cargoes is some 18 billion cubic feet.

Compared to the previous week, this represents a decline as the US exported seven LNG cargoes with a capacity of 25 Bcf then.

During the week under review, Cheniere’s Sabine Pass plant in Louisiana shipped three cargoes while Corpus Christi in Texas dispatched one cargo.

Sempra’s Cameron LNG terminal in Louisiana also shipped one cargo during the period.

There may be some relief for US LNG exports as this week’s reports suggest that the nation could increase shipments in August boosting prices at the same time.

If this happens, it would represent the first monthly rise in US LNG exports since February.

EIA’s data also shows that natural gas deliveries to LNG export plants rose to 3.8 billion cubic feet per day from the 3.2 Bcf/d recorded the week before.

Furthermore, the Henry Hub spot price increased from of $1.75/MMBtu last Wednesday to $2.18/MMBtu recorded this Wednesday.

- Advertisements -

Most Popular

Atlantic LNG freight rates hit new record

Spot charter rates for the global LNG carrier fleet in the Atlantic basin have reached a new record high,...

Excelerate to splash about $332 million on FSRU order in South Korea

Excelerate Energy will pay about $332 million for a floating storage and regasification unit (FSRU) it ordered at South...

Excelerate orders FSRU at Hyundai Heavy

US floating LNG player Excelerate Energy has ordered a floating storage and regasification unit (FSRU) at South Korea’s Hyundai...

More News Like This

Cove Point LNG export plant undergoing scheduled maintenance

The Cove Point LNG facility in Maryland, operated by Berkshire Hathaway’s unit BHE GT&S, has started its annual maintenance...

Croatia’s Krk FSRU terminal gets another US LNG cargo

US liquefied natural gas supplies keep coming to the FSRU-based Krk import facility in Croatia on the back of...

US weekly LNG exports down to 20 cargoes

US liquefied natural gas (LNG) exports dropped in the week ending September 28 when compared to the week before,...

US weekly LNG exports up to 21 cargoes

US liquefied natural gas (LNG) exports rose in the week ending September 21 when compared to the week before,...