US weekly LNG exports drop to 7 cargoes

US LNG exports dropped to seven cargoes in the week ending August 26 with feed gas deliveries to liquefaction plants also down to 4.2 billion cubic feet.

LNG exports are still very low compared to pre-Covid levels and a feed gas of 8 Bcf/d recorded in January.

The Energy Information Agency agency said in its weekly gas natural gas report that five US terminals dispatched the seven cargoes during the week August 20-August 26.

The total capacity of the LNG vessels carrying these cargoes is 26 bcf.

This compares to eleven cargoes with a capacity of 40 bcf the week before.

Cheniere’s Sabine Pass plant dispatched two cargoes while its Corpus Christi facility dispatched one cargo during the week under review.

The Sempra-led Cameron LNG facility also shipped two cargoes, while the Dominion Cove Point facility and Freeport LNG sent one cargo, each.

The Henry Hub spot price increased from $2.36 per million British thermal units last Wednesday to $2.51/MMBtu recorded this Wednesday, after reaching a high of $2.52/MMBtu on Monday and Tuesday.

Furthermore, Hurricane Laura hit Texas and Louisiana on Thursday as a strong Category 4 storm.

The Sabine Pass and the Cameron facilities are located in the direct path of the hurricane with both facilities suspending operations and implementing a controlled shutdown.

Cheniere and Sempra are yet to reveal the condition of the liquefaction plants.