U.S. weekly LNG exports climb
Exports of liquefied natural gas (LNG) from the United States facilities increased during the week between April 29 and May 5.
According to the data provided by the Energy Information Administration, a total of 22 cargoes departed the U.S. export facilities, during the week under review.
The 22 tankers had a combined LNG.-carrying capacity of 84 billion cubic feet (Bcf). This compares to LNG exports of 73 Bcf onboard 20 tankers departing in the previous week.
Out of the 22 vessels, seven departed Cheniere’s Sabine Pass facility. Cheniere’s Corpus Christi facility added five cargoes, while Cove Point and Elba Island facilities added four cargoes each.
Natural gas deliveries to U.S. liquefied natural gas export facilities exceeded 11 Bcf/d again this week, averaging 11.2 Bcf/d, or 0.13 Bcf/d lower than last week.
Excluding the temporary, weather-driven price increase from February 16–19 that briefly led to record nominal natural gas prices, from January through April 2021 the natural gas price at the Henry Hub averaged $2.83 per million British thermal units (MMBtu).
The Henry Hub price averaged $0.88/MMBtu more in 2021 than during the same period in 2020 when prices were very low amid a relatively warm 2019–20 winter.