US weekly LNG exports down to 20 shipments

LNG

The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, the total capacity of these 20 LNG vessels is 74 Bcf.

This compares to 25 shipments and 94 Bcf in the week ending August 7.

Average natural gas deliveries to US LNG export terminals were essentially unchanged from last week at 12.6 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana decreased by 0.2 percent (less than 0.1 Bcf/d) to 7.3 Bcf/d, while natural gas deliveries to terminals in South Texas were essentially unchanged at 4.4 Bcf/d.

Also, natural gas deliveries to terminals outside the Gulf Coast were essentially unchanged, the agency said.

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

The Freeport LNG terminal shipped four cargoes, Sempra Infrastructure’s Cameron LNG terminal sent three cargoes, while Venture Global LNG’s Calcasieu Pass facility and the Cove Point facility each sent one cargo.

There were no LNG exports from the Elba Island terminal during the week under review.

This report week, the Henry Hub spot price rose 18 cents from $1.99 per million British thermal units (MMBtu) last Wednesday to $2.17/MMBtu this Wednesday.

The agency said the price of the September 2024 NYMEX contract increased 10.7 cents, from $2.112/MMBtu last Wednesday to $2.219/MMBtu this Wednesday.

The price of the 12-month strip averaging September 2024 through August 2025 futures contracts rose 8.1 cents to $3.020/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 12 cents to a weekly average of $12.62/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased 98 cents to a weekly average of $12.76/MMBtu.

In the same week last year (week ending August 16, 2023), the prices were $11.76/MMBtu in East Asia and $11.75/MMBtu at TTF, the agency said.

Source: Lngprime.com

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Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.