Ocnus.Net
News Before Its News
About Us | Ocnus? |

Front Page 
 
 Africa
 
 Analyses
 
 Business
 
 Dark Side
 
 Defence & Arms
 
 Dysfunctions
 
 Editorial
 
 International
 
 Labour
 
 Light Side
 
 Research
Search

Business Last Updated: Nov 28, 2023 - 1:58:10 PM


US weekly LNG exports up to 25 cargoes
By LNG Prime, January 27, 2023
Jan 30, 2023 - 11:16:25 AM

Email this article
 Printer friendly page

US liquefied natural gas (LNG) exports rose in the week ending January 25 while the Henry Hub spot price fell slightly when compared to the week before, according to the Energy Information Administration.

The EIA said in its weekly natural gas report that 25 LNG carriers departed the US plants between January 19-25, three shipments more when compared to the week before.

According to the agency, the total capacity of LNG vessels carrying these cargoes is 91 Bcf.

Overall natural gas deliveries to US LNG export terminals increased by 1 percent or 0.1 Bcf/d week over week to 12.5 Bcf/d.

Feedgas deliveries to terminals in South Louisiana increased by 1.5 percent or 0.1 Bcf/d week over week to 8.9 Bcf/d, while deliveries to all other terminals were almost unchanged, according to data from S&P Global Commodity Insights.

Cheniere’s Sabine Pass plant shipped nine cargoes and its Corpus Christi facility sent five shipments during the week under review.

Sempra’s Cameron LNG also sent five shipments and Venture Global LNG’s Calcasieu Pass terminal dispatched three cargoes, the EIA said, citing shipping data by Bloomberg Finance.

Cove Point shipped two cargoes and Elba Island one cargo during the week under review, according to the agency.

Freeport LNG remains shut following an incident at the facility that took place on June 8.

The operator of the LNG terminal just won approval from US FERC to start introducing LNG into the piping system at the plant as its initial step to resuming normal operations at the export facility.

Henry Hub drops to $3.08/MMBtu

This report week, the Henry Hub spot price fell just 3 cents from $3.11 per million British thermal units (MMBtu) last Wednesday to $3.08/MMBtu this Wednesday, the agency said.

Moreover, the price of the February 2023 NYMEX contract decreased 24.4 cents, from $3.311/MMBtu last Wednesday to $3.067/MMBtu this Wednesday.

The price of the 12-month strip averaging February 2023 through January 2024 futures contracts declined 14.2 cents to $3.411/MMBtu, the agency said.
TTF down

The agency said that international natural gas futures prices were down this report week.

Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia decreased $2.43 to a weekly average of $22.42/MMBtu.

Natural gas futures for delivery at the Dutch TTF decreased 42 cents to a weekly average of $19.67/MMBtu.

In the same week last year (week ending January 25, 2022), the prices in East Asia and at TTF were $22.99/MMBtu and $27.65/MMBtu, respectively, the agency said.


Source:Ocnus.net 2023

Top of Page

Business
Latest Headlines
Currency clashes sour Russia’s oil trade with Asia
Durban Warns It Could Take 15 Weeks to Clear Backlog as 60 Ships Wait
Greek shippers exit Russian oil trade as U.S. tightens price cap scrutiny
Panama Canal proposes long-term solutions to improve drought issues as low water levels remain
Crisis at SA ports with thousands of containers left stranded, Maersk drops Cape Town as a port of call
War risk premiums back in oil and shipping as Houthis seize vessel in Red Sea
China’s Second Counterstrike
Tankers newly sanctioned by US supplied Russian oil to India
U.S. targets maritime companies, vessels for shipping oil above Russian price cap
Oil imports from Russia to Turkiye hit a record high in November