US weekly LNG exports climb to 27 shipments

LNG

The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 27 LNG vessels is 102 Bcf.

This compares to 23 shipments and 87 Bcf in the week ending September 11.

Average natural gas deliveries to US LNG export terminals decreased 0.5 Bcf/d from last week to 12.9 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana decreased by 3.9 percent (0.3 Bcf/d) to 7.7 Bcf/d, and natural gas deliveries to terminals in South Texas decreased by 6.7 percent (0.3 Bcf/d) to 4.1 Bcf/d.

The agency said natural gas deliveries to terminals outside the Gulf Coast increased by 7.5 percent (less than 0.1 Bcf/d) to 1.1 Bcf/d..

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

The Freeport LNG terminal shipped five cargoes and Sempra Infrastructure’s Cameron LNG terminal shipped four cargoes, while the Cove Point terminal sent three cargoes during the week under review.

Also, Venture Global LNG’s Calcasieu Pass facility shipped two cargoes and the Elba Island terminal did not ship cargoes during the week ending September 18.

Hurricane Francine made landfall last Wednesday evening in Louisiana as a Category 2 hurricane.

As Hurricane Francine neared the Gulf Coast last week, offshore oil and gas operators temporarily shut in production, taking 53 percent (1.0 Bcf/d) of natural gas production offline as of Thursday, September 12, the agency said.

The Henry Hub spot price rose 19 cents from $2.14 per million British thermal units (MMBtu) last Wednesday to $2.33/MMBtu this Wednesday.

Moreover, the agency said the price of the October 2024 NYMEX contract increased 1 cent, from $2.270/MMBtu last Wednesday to $2.284/MMBtu this Wednesday.

The price of the 12-month strip averaging October 2024 through September 2025 futures contracts decreased 2 cents to $2.944/MMBtu.

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

Bloomberg Finance reported that average front-month futures prices for LNG cargoes in East Asia decreased 38 cents to a weekly average of $13.40/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 32 cents to a weekly average of $11.44/MMBtu.

The agency said that in the same week last year (week ending September 20, 2023), the prices were $13.83/MMBtu in East Asia and $11.29/MMBtu at TTF.

Source: Lngprime.com

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