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US liquefied natural gas (LNG) exports dropped in the week ending March 6 compared to the week before, according to the Energy Information Administration.
The agency said in its weekly natural gas report that 23 LNG carriers departed the US plants between February 29 and March 6, three shipments less compared to the week before.
Citing shipping data provided by Bloomberg Finance, the agency said the total capacity of these LNG vessels is 87 Bcf.
Average natural gas deliveries to US LNG export terminals decreased by 3.1 percent (0.4 Bcf/d) week over week, averaging 13.4 Bcf/d, according to data from S&P Global Commodity Insights.
Natural gas deliveries to terminals in South Texas fell 6.7 percent (0.3 Bcf/d), while natural gas deliveries to terminals in South Louisiana fell 2.2 percent (0.2 Bcf/d) to 8.8 Bcf/d.
The agency said that ongoing repairs at the Freeport LNG terminal in Texas resulting from the January 2024 winter storm have reduced sendout capacity from the facility.
Natural gas deliveries to terminals outside the Gulf Coast were flat week over week at 1.2 Bcf/d.
Cheniere’s Sabine Pass plant shipped eight cargoes and the company’s Corpus Christi facility sent four shipments during the week under review.
Sempra Infrastructure’s Cameron LNG terminal shipped four cargoes, while Venture Global’s Calcasieu Pass LNG terminal sent three cargoes during the week under review.
Also, the Cove Point terminal sent two LNG cargoes and the Elba Island LNG terminal and the Freeport terminal each shipped one cargo.
This report week, the Henry Hub spot price rose 3 cents from $1.63 per million British thermal units (MMBtu) last Wednesday to $1.66/MMBtu this Wednesday.
The price of the April 2024 NYMEX contract increased 4.4 cents, from $1.885/MMBtu last Wednesday to $1.929/MMBtu this Wednesday.
Moreover, the price of the 12-month strip averaging April 2024 through March 2025 futures contracts climbed 1.2 cents to $2.829/MMBtu.
The agency said that international natural gas futures increased this report week.
Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia increased 10 cents to a weekly average of $8.36/MMBtu.
Natural gas futures for delivery at the Dutch TTF rose 74 cents to a weekly average of $8.38/MMBtu.
In the same week last year (week ending March 8, 2023), the prices were $14.21/MMBtu in East Asia and $13.66/MMBtu at TTF, the agency said.
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The post US weekly LNG exports drop to 23 shipments appeared first on Energy News Beat.
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