US LNG exports down on week

The Sabine Pass LNG export terminal exported fewer cargoes in the week ending August 9 as compared to the week before, according to the Energy Information Administration.

Three vessels with a total LNG-carrying capacity of 9.9 billion cubic feet (Bcf) departed Sabine Pass from Thursday to Wednesday, as compared to four vessels with a combined LNG-carrying capacity of 14.7 Bcf, the agency said in its weekly report.

One LNG vessel with a capacity of 3.8 Bcf was loading at the liquefaction terminal, currently the only such a facility to ship US shale gas overseas, on Wednesday.

Natural gas pipeline deliveries to Sabine Pass averaged 1.8 Bcf/d for the week ending August 9, down 0.3 Bcf from the previous week.

To remind, Cheniere started producing the chilled fuel from the fourth liquefaction train in late July and expects to produce first commissioning cargo from the unit this week.

Cheniere is developing up to six trains at Sabine Pass with each train expected to have a capacity of about 4.5 million tons per annum.

The LNG export plant shipped over 160 cargoes since it started exporting the fuel in February last year.

Henry Hub price up

The Henry Hub spot natural gas price rose 8¢ in the week ending August 9.

The price increased from $2.77/MMBtu last Wednesday to $2.85/MMBtu two days ago, EIA said.

In its latest Short-Term Energy Outlook released on Tuesday, the agency said Henry Hub gas prices would average $3.06/MMBtu in 2017 and $3.29/MMBtu in 2018.

The 2017 estimate is down 10 cent while the forecast for 2018 is lower 12 cents as compared to forecasts in EIA’s June short-term outlook.

In July, the average Henry Hub spot price was $2.98/MMBtu, about the same as in June.

LNG World News Staff