December 13

US weekly LNG exports reach 27 cargoes

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[[{“value”:”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 26 shipments and 98 Bcf in the week ending December 4.

According to data from S&P Global Commodity Insights, average natural gas deliveries to US LNG export terminals decreased 0.3 Bcf/d from last week to 14.2 Bcf/d.

Natural gas deliveries to terminals in South Louisiana decreased by 4 percent (0.3 Bcf/d) to 8.4 Bcf/d, while natural gas deliveries to terminals in South Texas increased by 0.4 percent (less than 0.1 Bcf/d) to 4.6 Bcf/d.

The agency said natural gas deliveries to terminals outside the Gulf Coast were unchanged at 1.2 Bcf/d.

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

The Freeport LNG terminal, Sempra Infrastructure’s Cameron LNG terminal, and the Cove Point terminal each shipped four cargoes.

The Elba Island facility also sent one cargo between December 5 and December 11.

According to the agency, the Henry Hub spot price rose 28 cents from $2.83 per million British thermal units (MMBtu) last Wednesday to $3.11/MMBtu this Wednesday.

The price of the January 2025 NYMEX contract increased 34 cents, from $3.043/MMBtu last Wednesday to $3.378/MMBtu this Wednesday.

Also, the price of the 12-month strip averaging January 2025 through December 2025 futures contracts rose 12 cents to $3.282/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 2 cents to a weekly average of $15.04/MMBtu.

Natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands decreased 71 cents to a weekly average of $14.11/MMBtu.

The agency said that in the same week last year (week ending December 13, 2023), the prices were $15.77/MMBtu in East Asia and $11.73/MMBtu at TTF.

Source: Lngprime.com

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