October 11

US LNG exports rise to 26 shipments

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The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 26 LNG vessels is 96 Bcf.

This compares to 25 shipments and 94 Bcf in the week ending October 2.

Average natural gas deliveries to US LNG export terminals increased 0.3 Bcf/d from last week to 12.7 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana increased by 5.4 percent (0.4 Bcf/d) to 8 Bcf/d, while natural gas deliveries to terminals in South Texas decreased 3.5 percent (0.2 Bcf/d) to 4.3 Bcf/d.

Also, natural gas deliveries to terminals outside the Gulf Coast increased slightly (less than 0.1 Bcf/d) to 0.4 Bcf/d.

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

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

The Elba Island terminal did not ship cargoes between October 3 and October 9.

Moreover, the Cove Point LNG export terminal in Lusby, Maryland, shut down operations around September 20 for planned annual maintenance that is expected to last about three weeks.

The Henry Hub spot price decreased 34 cents from $2.76 per million British thermal units (MMBtu) last Wednesday to $2.42/MMBtu this Wednesday.

The agency said the price of the November 2024 NYMEX contract decreased 23 cents, from $2.886/MMBtu last Wednesday to $2.660/MMBtu this Wednesday.

According to the agency, the price of the 12-month strip averaging November 2024 through October 2025 futures contracts declined 12 cents to $3.130/MMBtu.

The agency said that international natural gas futures were mixed this report week.

Bloomberg Finance reported that average front-month futures prices for LNG cargoes in East Asia decreased 6 cents to a weekly average of $13.10/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased 20 cents to a weekly average of $12.78/MMBtu.

The agency said that in the same week last year (week ending October 11, 2023), the prices were $14.18/MMBtu in East Asia and $13.28/MMBtu at TTF.

 

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