According to the U.S. Energy Information Administration (EIA) report, weekly LNG exports have increased by one vessel from last week, while the Henry Hub spot price decreased to a monthly average.
In the latest Short-Term Energy Outlook for the week between 30 June and 6 July, EIA reported that 19 LNG carriers departed the United States. This is one more than the last week in terms of weekly LNG exports.
Nine LNG carriers departed from Sabine Pass, four from Corpus Christi, three from Cameron, two from Cove Point, and one from Calcasieu Pass. They held a combined LNG-carrying capacity of 71 billion cubic feet.
Natural gas spot prices fell at most locations this report week. The Henry Hub spot price fell from $6.67 per million British thermal units (MMBtu) last Wednesday to $5.63/MMBtu this week.
After reaching a nominal price of $8.14/MMBtu in May, the Henry Hub spot price decreased to a monthly average of $7.70/MMBtu in June following the shutdown of the Freeport export terminal. The terminal will partially resume operations only in October 2022. The shutdown is estimated to have reduced U.S. export capacity by approximately 2.0 Bcf/d.
Source: Offshore-energy.biz