According to the Energy Information Administration (EIA) report, LNG exports from the U.S. increased by four LNG carriers from last week, while Henry Hub spot prices dropped.
In the latest Short-Term Energy Outlook for the week between 28 July and 3 August, EIA reports 22 LNG vessels departed the United States. This is four more than the last week.
Eight LNG tankers departed from Sabine Pass, four each from Calcasieu Pass and Corpus Christi, three from Cameron, two from Cove Point, and one from Elba Island. They held a combined LNG-carrying capacity of 81 billion cubic feet.
Calcasieu Pass received approval from the Federal Energy Regulatory Commission (FERC) to place blocks five and six in service, indicating that the commissioning phase for these blocks is complete and that they are now in commercial service. Moreover, Freeport LNG issued a notice that it now expects to resume initial operations at its LNG terminal in early October, enabling it to produce approximately two billion cubic feet per day (Bcf/) of LNG.
The Henry Hub spot price fell 85 cents from $8.68 per million British thermal units (MMBtu) last Wednesday to $7.83/MMBtu this week.
Natural gas deliveries to U.S. LNG export facilities averaged 10.9 Bcf/d, or 0.1 Bcf/d higher than last week.