EIA: Sabine Pass exports rise, Henry Hub down

Cheniere’s Sabine Pass liquefaction terminal in Louisiana, currently the only such a facility to ship U.S. shale gas overseas, has exported more cargoes of the fuel in the week ending June 14 as compared to the week before, according to the Energy Information Administration.

Five vessels with a total LNG-carrying capacity of 18.2 billion cubic feet (Bcf) departed Sabine Pass from Thursday to Wednesday, two more than last report week, EIA said in its weekly report issued on Thursday.

One vessel with a capacity of 3.8 Bcf was loading at the liquefaction terminal on Wednesday.

Natural gas pipeline flows to the liquefaction terminal averaged 2.2 Bcf/d for the week ending June 14, same as in 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 drops

Natural gas spot prices in the United States declined at most locations in the report week with the Henry Hub price falling 9¢ from last Wednesday.

The Henry Hub spot price declined from $2.99/MMBtu last Wednesday to $2.90/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 released last week, 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