EIA: Henry Hub price climbs, Cheniere ships 4 Sabine Pass cargoes
Natural gas spot prices in the United States were mixed in the week ending April 19 with the Henry Hub price rising 13¢ from last Wednesday.
According to the weekly report by the Energy Information Administration released on Thursday, the Henry Hub spot price rose from $2.99/MMBtu last Wednesday to $3.12/MMBtu two days ago.
EIA’s recently released energy outlook forecasts that Henry Hub spot prices will average $3.04/MMBtu for the second quarter of 2017, and $3.10/MMBtu for the full-year.
At the Chicago Citygate, prices were unchanged from last Wednesday at $2.96/MMBtu while prices at PG&E Citygate in Northern California gained 3¢ to $3.35/MMBtu.
Gas deliveries to Sabine Pass down
Natural gas pipeline flows to Cheniere’s Sabine Pass liquefaction terminal in Louisiana averaged 1.9 Bcf/d for the report week, 14% lower than the previous week.
Four vessels with a total LNG-carrying capacity of 14.6 Bcf departed Sabine Pass in the week under review, EIA said in the report, adding that one vessel with a capacity of 3.8 Bcf was loading at the terminal on Wednesday.
Cheniere recently received authorization from the Federal Energy Regulatory Commission (FERC) to commence liquefaction and export activities from Train 3.
The Houston-based company also filed a request with FERC to begin commissioning of Train 4.
Once the fourth train at Sabine Pass becomes operational, the total baseload nameplate capacity of the facility will reach 2.6 Bcf/d, with a maximum operating capacity of 2.9 Bcf/d, according to EIA.
The fifth train at the Sabine Pass facility, currently under construction, is expected to begin service in mid-2019.
Cheniere is developing up to six trains at Sabine Pass with each train expected to have a nominal production capacity of approximately 4.5 million tons per annum.
LNG World News Staff