October 4

US weekly LNG exports increase to 25 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 25 LNG vessels is 94 Bcf.

This compares to 22 shipments and 83 Bcf in the week ending September 25.

Average natural gas deliveries to US LNG export terminals decreased 0.2 Bcf/d from last week to 12.4 Bcf/d, according to data from S&P Global Commodity Insights.

Natural gas deliveries to terminals in South Louisiana decreased by 1.8 percent (0.1 Bcf/d) to 7.6 Bcf/d, while natural gas deliveries to terminals in South Texas increased by 0.6 percent (less than 0.1 Bcf/d) to 4.4 Bcf/d.

The agency said natural gas deliveries to terminals outside the Gulf Coast decreased by 27.7 percent (0.1 Bcf/d) to 0.3 Bcf/d.

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 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.

Also, the Elba Island terminal shipped two cargoes during the week ending October 2.

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 rose 14 cents from $2.62 per million British thermal units (MMBtu) last Wednesday to $2.76/MMBtu this Wednesday.

Moreover, the agency said the October 2024 NYMEX contract expired last Thursday at $2.585/MMBtu, down 5 cents from last Wednesday.

The November 2024 NYMEX contract price increased to $2.886/MMBtu, up 7 cents from last Wednesday to this Wednesday.

The price of the 12-month strip averaging November 2024 through October 2025 futures contracts climbed 5 cents to $3.246/MMBtu.

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

Bloomberg Finance reported that average front-month futures prices for LNG cargoes in East Asia increased 13 cents to a weekly average of $13.16/MMBtu.

Natural gas futures for delivery at the Dutch TTF increased $1.04/MMBtu to a weekly average of $12.58/MMBtu.

The agency said that in the same week last year (week ending October 4, 2023), the prices were $14.44/MMBtu in East Asia and $12.11/MMBtu at TTF.

 

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