US weekly LNG exports reach 26 cargoes

US liquefied natural gas (LNG) plants shipped 26 cargoes during the week ending December 4. According to the Energy Information Administration, pipeline deliveries to the LNG terminals increased compared to the prior week.

The agency said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 26 LNG vessels is 98 Bcf.

The EIA did not release the report last week due to the holidays.

During the week ending November 20, US LNG export plans shipped 23 cargoes.

Natural gas deliveries up

According to data from S&P Global Commodity Insights, average natural gas deliveries to US LNG export terminals increased 0.5 Bcf/d from last week to 14.5 Bcf/d.

Natural gas deliveries to terminals in South Louisiana were unchanged at 8.7 Bcf/d, while natural gas deliveries to terminals in South Texas increased by 11.6 percent (0.5 Bcf/d) to 4.5 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 nine LNG cargoes, and the company’s Corpus Christi facility sent four shipments.

The Freeport LNG terminal shipped four cargoes and Sempra Infrastructure’s Cameron LNG terminal each shipped five cargoes.

Venture Global LNG’s Calcasieu Pass facility sent two cargoes and the Cove Point terminal sent one cargo between November 28 and December 4.

The Elba Island facility did not export LNG during the week under review.

Henry Hub down

According to the agency, the Henry Hub spot price dropped 52 cents from $3.35 per million British thermal units (MMBtu) last Wednesday to $2.83/MMBtu this Wednesday.

The December 2024 contract expired on Tuesday, November 26, at $3.431/MMBtu.

Also, the price of the January 2025 NYMEX contract decreased 16 cents, from $3.204/MMBtu last Wednesday to $3.043/MMBtu this Wednesday.

According to the agency, the price of the 12-month strip averaging January 2025 through December 2025 futures contracts declined 8 cents to $3.161/MMBtu.

TTF averaged $14.82/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 9 cents to a weekly average of $15.06/MMBtu.

Natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands increased 24 cents to a weekly average of $14.82/MMBtu.

The agency said that in the same week last year (week ending December 6, 2023), the prices were $16.10/MMBtu in East Asia and $12.91/MMBtu at TTF.

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