US weekly LNG exports up to 27 cargoes

US liquefied natural gas (LNG) exports rose in the week ending November 15 compared to the week before, according to the Energy Information Administration.

The agency said in its weekly natural gas report that 27 LNG carriers departed the US plants between November 9 and November 15, four vessels more compared to the week before.

Moreover, the total capacity of these LNG vessels is 100 Bcf, the EIA said, citing shipping data provided by Bloomberg Finance.

Average natural gas deliveries to US LNG export terminals rose 2.2 percent (0.3 Bcf/d) week over week, averaging 14.2 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana rose by 5.8 percent (0.5 Bcf/d) to 9.1 Bcf/d, while natural gas deliveries to terminals in South Texas fell by 2.8 percent (0.1 Bcf/d) to 4 Bcf/d.

The agency said that natural gas deliveries to terminals outside the Gulf Coast fell by 6.5 percent (0.1 Bcf/d) to 1.1 Bcf/d.

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

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

Also, the Cove Point plant sent one cargo during the week. The Elba Island LNG terminal did no ship cargoes during the week under review.

Henry Hub climbs to $2.87/MMBtu

This report week, the Henry Hub spot price increased 66 cents from $2.21 per million British thermal units (MMBtu) last Wednesday to $2.87/MMBtu this Wednesday, the agency said.

The price of the December 2023 NYMEX contract increased 0.3 cents, from $3.106/MMBtu last Wednesday to $3.109/MMBtu this Wednesday, the EIA said.

According to the agency, the price of the 12-month strip averaging December 2023 through November 2024 futures contracts declined 2.2 cents to $3.284/MMBtu.

TTF rises

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 29 cents to a weekly average of $17.17/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased 33 cents to a weekly average of $14.97/MMBtu.

In the same week last year (week ending November 16, 2022), the prices were $27.06/MMBtu in East Asia and $34.10/MMBtu at TTF, the EIA said.

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