EIA: Sabine Pass exports down on week due to Tropical Storm Cindy

Cheniere’s Sabine Pass liquefaction terminal in Louisiana, currently the only such a facility to ship U.S. shale gas overseas, has exported fewer cargoes of the fuel in the week ending June 21 as compared to the week before, according to the Energy Information Administration.

Three vessels with a total LNG-carrying capacity of 11 billion cubic feet (Bcf) departed Sabine Pass from Thursday to Wednesday, as compared to five last report week, EIA said in its weekly report issued on Thursday.

The decrease was due to the approach of Tropical Storm Cindy, which was expected to make a landfall near Sabine Pass on Thursday, EIA said citing the National Oceanic and Atmospheric Administration.

Natural gas pipeline flows to the Sabine Pass liquefaction terminal averaged 1.8 Bcf/d for the week ending June 21, as compared to 2.2 Bcf/d the previous week, EIA said.

Cheniere currently ships the chilled fuel produced at three liquefaction trains. The company is developing up to six trains at its Sabine Pass terminal with each train expected to have a capacity of about 4.5 million tons per annum.

Henry Hub price drops

Natural gas spot prices in the United States rose at most locations in the report week. However, the Henry Hub price fell 2¢ from last Wednesday.

The Henry Hub spot price declined from $2.90/MMBtu last Wednesday to $2.88/MMBtu two days ago, EIA said.

EIA has also slightly reduced its forecast for Henry Hub natural gas spot prices this year.

In its latest Short-Term Energy Outlook, the agency said Henry Hub gas prices would average $3.16 per million British thermal units in 2017 and $3.41/MMBtu in 2018.

LNG World News Staff