EIA said in its weekly natural gas storage report that the LNG-carrying capacity of vessels departing US ports was 148 Bcf, up 13 Bcf from the previous week.
Cheniere’s Sabine Pass plant shipped nine LNG cargoes, and the company’s Corpus Christi facility sent six shipments during the week ending March 4, according to the report.
Moreover, Venture Global LNG’s Plaquemines terminal sent eight cargoes, and the Freeport LNG facility shipped six cargoes.
Sempra Infrastructure’s Cameron LNG terminal shipped four cargoes, and Venture Global’s Calcasieu Pass facility and the Cove Point facility each shipped three 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 dropped by 12 cents per million British thermal units (MMBtu), from $3.01/MMBtu last Wednesday to $2.89/MMBtu this Wednesday.
According to the agency, Henry Hub prices hovered near $3.00/MMBtu over the past week, before decreasing on Wednesday.
Total US demand for natural gas decreased by 14.5 Bcf/d this week, led by an 11.0 Bcf/d decrease in the residential and commercial sectors, according to LSEG data.
Warmer temperatures across the western and central United States helped moderate space heating demand compared with last week, EIA said.
TTF averaged $14.52/MMBtu
EIA said that the price at the Dutch Title Transfer Facility in Europe averaged $14.52/MMBtu, $3.51 higher than the previous week.
Moreover, the Japan-Korea Marker price averaged $13.11/MMBtu.
This is $2.45 higher than the previous week, EIA said.
EIA noted that QatarEnergy LNG, which supplies about 20 percent of global LNG volumes, declared force majeure on LNG exports on Wednesday after a drone strike hit its export terminal in Ras Laffan, reducing global cargo availability.
