The U.S. Energy Information Administration reported increased weekly liquefied natural gas exports and decreased Henry Hub price.
In the latest Short-Term Energy Outlook, EIA reveals that the Henry Hub spot price fell sharply $20.86 from $23.61/MMBtu last Wednesday to $2.75/MMBtu this Wednesday.
U.S. LNG exports increased over this week. Between 18 February and 24 February, fourteen LNG vessels departed the United States. Seven were from Sabine Pass, two from Cove Point, two from Cameron, one from Corpus Christi, one from Elba Island, and one from Freeport.
The fourteen vessels held a combined LNG-carrying capacity of 50 billion cubic feet.
Natural gas deliveries to U.S. LNG export facilities (LNG pipeline receipts) averaged 7.4 Bcf/d, which is 1.2 Bcf/d higher than last week.