EIA said in its weekly natural gas storage report that the LNG-carrying capacity of vessels departing US ports was 121 Bcf, down 7 Bcf from the previous week.
The agency said last week that vessel departures declined amid liquefaction plant and pipeline maintenance activities that restricted output at some US terminals.
Cheniere’s Sabine Pass plant shipped eight LNG cargoes, and the company’s Corpus Christi facility sent seven shipments during the week ending May 27, according to the report.
Moreover, Venture Global LNG’s Plaquemines terminal sent seven cargoes, the Freeport LNG facility sent four cargoes, and Sempra Infrastructure’s Cameron LNG terminal shipped three cargoes.
Venture Global’s Calcasieu Pass facility sent two cargoes, the Cove Point facility shipped one cargo.
There were no shipments from the Elba Island facility during the week under review.
Henry Hub down
EIA reported that the Henry Hub spot price dropped by 4 cents from $3.19/MMBtu last Wednesday to $3.14/MMBtu this Wednesday.
The agency said that temperatures across most of the United States this week remained near normal for this time of year.
Total US natural gas consumption increased by 1.2 Bcf/d (2 percent) compared with last week, according to LSEG data.
This increase resulted from a 1.9 Bcf/d (6 percent) increase in electric power sector consumption.
Total US natural gas supply rose slightly by 0.2 Bcf/d (less than 1 percent), according to LSEG data, due to incremental growth in dry natural gas production.
TTF averaged $16.35/MMBtu
EIA said that the price at the Dutch Title Transfer Facility in Europe averaged $16.35/MMBtu, $0.66/MMBtu lower than the previous week.
Moreover, the Japan-Korea Marker price averaged $18.60/MMBtu, $0.27/MMBtu higher than the previous week.
Compared with the week ending February 25 (before LNG deliveries via the Strait of Hormuz were disrupted), this week’s TTF and JKM prices are up by 49 percent and 74 percent, respectively, EIA said.
