EIA: US weekly LNG exports dip, Henry Hub prices follow
As shown by the data from the Energy Information Administration (EIA), liquefied natural gas exports from the U.S. decreased this week.
For this report week (from 10 March to 17 March ), according to the latest Short-Term Energy Outlook, EIA reports that U.S. LNG exports decreased with prices in most markets declining along with declining demand.
Eighteen LNG vessels departed the United States with a combined LNG-carrying capacity of 67 billion cubic feet.
Seven were from Sabine Pass, four were from Freeport, three were from Cameron, two were from Corpus Christi and two from Cove Point.
The Henry Hub spot price fell 9¢ from $2.60 per million British thermal units (MMBtu) last Wednesday to $2.51/MMBtu this Wednesday after reaching a weekly low of $2.50/MMBtu on Tuesday.
Natural gas deliveries to U.S. LNG export facilities (LNG pipeline receipts) averaged 11.1 Bcf/d, or 0.45 Bcf/d higher than last week. Demand for the week was 0.7 per cent lower than the same week last year.