U.S. weekly LNG exports almost double
Liquefied natural gas (LNG) exports from the United States have almost doubled over the past week.
Data from the Energy Information Administration (EIA) shows that a total of 11 cargoes departed the export facilities during the week from September 10 to September 16.
The 11 vessels had a combined LNG-carrying capacity of 41 Bcf.
This compares to a total of six cargoes with a combined LNG-carrying capacity of 21 Billion cubic feet departing in the previous week.
Out of the 11 cargoes, Cheniere’s Sabine Pass facility, that recently restarted production following the Hurricane Laura, shipped six cargoes.
Corpus Christi and Freeport LNG facilities shipped a couple of cargoes each. The Cove Point plant exported a single cargo during the week.
U.S. LNG pipeline receipts have jumped again for the second week reaching an average of 7 Bcf per day during the week under review. This compares to an average of 4.6 Bcf/day in the previous week.
The Henry Hub spot price slipped during the week under review from $2.19 per mmBtu to $2.06 per mmBtu. It also hit a low of $1.94 mmBtu during the week.