EIA said in its weekly natural gas storage report that the LNG-carrying capacity of vessels departing US ports was 134 Bcf, up less than 1 Bcf from the previous week.
Cheniere’s Sabine Pass plant shipped nine LNG cargoes, and the company’s Corpus Christi facility sent five shipments during the week ending March 25, according to the report.
Moreover, Venture Global LNG’s Plaquemines terminal sent seven cargoes, the Freeport LNG facility sent five shipments, and Sempra Infrastructure’s Cameron LNG terminal shipped four cargoes.
Venture Global’s Calcasieu Pass facility shipped three cargoes, and the Cove Point facility sent two cargoes.
The Elba Island LNG facility did not ship LNG during the week under review.
Henry Hub down
EIA reported that the Henry Hub spot price decreased by 22 cents from $3.14/MMBtu last Wednesday to $2.92/MMBtu this Wednesday, after averaging $3.01/MMBtu over this report week.
According to the agency, Henry Hub spot prices have remained near $3.00/MMBtu since mid-February due to declining residential and commercial demand.
Warmer temperatures in the West were offset by near-normal temperatures in the Midwest and eastern United States, continuing to support prices that have been largely flat over the past month.
Total US consumption of natural gas in the residential and commercial sectors fell 11.4 Bcf/d compared with last week, according to LSEG data.
TTF averaged $19.35/MMBtu
EIA said that the price at the Dutch Title Transfer Facility in Europe averaged $19.35/MMBtu, $1.96 higher than the previous week.
Moreover, the Japan-Korea Marker price averaged $21.11/MMBtu.
This is $2.88 higher than the previous week, EIA said.
