US LNG exports increase to 26 shipments

US liquefied natural gas (LNG) plants shipped 26 cargoes during the week ending November 13. 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 97 Bcf.

This compares to 23 shipments and 87 Bcf in the week ending November 6.

Natural gas deliveries climb

According to data from S&P Global Commodity Insights, average natural gas deliveries to US LNG export terminals increased 1.4 Bcf/d from last week to 14.1 Bcf/d.

Natural gas deliveries to terminals in South Louisiana increased by 5 percent (0.4 Bcf/d) to 8.2 Bcf/d, and natural gas deliveries to terminals in South Texas rose by 28.2 percent (1 Bcf/d) to 4.7 Bcf/d.

The agency said that natural gas deliveries to terminals outside the Gulf Coast were essentially 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 five cargoes, while Sempra Infrastructure’s Cameron LNG terminal shipped four cargoes and Venture Global LNG’s Calcasieu Pass facility sent three cargoes during the week under review.

Also, the Cove Point facility shipped one cargo, and the Elba Island terminal did not ship cargoes between November 7 and November 13.

Henry Hub up

According to the agency, the Henry Hub spot price increased 30 cents from $1.80 per million British thermal units (MMBtu) last Wednesday to $2.10/MMBtu this Wednesday.

The price of the December 2024 NYMEX contract increased 24 cents, from $2.747/MMBtu last Wednesday to $2.983/MMBtu this Wednesday.

The price of the 12-month strip averaging December 2024 through November 2025 futures contracts climbed 14 cents to $3.100/MMBtu.

TTF averaged $13.48/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 2 cents to a weekly average of $13.54/MMBtu.

Natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands increased 69 cents to a weekly average of $13.48/MMBtu.

The agency said that in the same week last year (week ending November 15, 2023), the prices were $17.17/MMBtu in East Asia and $14.97/MMBtu at TTF.

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