EIA: Sabine Pass ships four LNG cargoes, Henry Hub climbs

Cheniere’s Sabine Pass liquefaction terminal in Louisiana, currently the only such a facility to ship U.S. shale gas overseas, has exported four cargoes of the fuel in the week ending May 17, according to the Energy Information Administration.

Four vessels with a total LNG-carrying capacity of 13.8 Bcf departed Sabine Pass from Thursday to Wednesday, compared with four vessels last report week, EIA said in its weekly report issued on Thursday.

Natural gas pipeline flows to the liquefaction terminal averaged 2.2 Bcf/d for the week ending May 17, as compared to 2.3 Bcf/d in the previous week.

Houston-based 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 nominal production capacity of approximately 4.5 million tons per annum.

Henry Hub rises

Natural gas spot prices in the United States rose at most locations in the report week with the Henry Hub price increasing 5¢ from last Wednesday.

The Henry Hub spot price gained from $3.11/MMBtu last Wednesday to $3.16/MMBtu two days ago, EIA said.

At the Chicago Citygate, prices decreased 4¢ from last Wednesday to $3.16/MMBtu two days ago while prices at PG&E Citygate in Northern California dropped 7¢ to $3.35/MMBtu.

LNG World News Staff