US weekly LNG exports rise to 11 cargoes
US LNG exports increased to eleven cargoes in the week ending August 19 with feed gas deliveries to liquefaction plants rising to 4.4 billion cubic feet.
LNG exports are slowly picking up but they are still 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 eleven cargoes during the week August 13-August 19.
The total capacity of the LNG vessels carrying these cargoes is 40 bcf.
This compares to eight cargoes with a capacity of 29 bcf the week before.
Cheniere’s Sabine Pass plant shipped four cargoes while its Corpus Christi facility dispatched one cargo during the week under review.
The Sempra-led Cameron LNG facility shipped three cargoes, the Dominion Cove Point facility two, and Freeport LNG sent one cargo.
Furthermore, the Henry Hub spot price increased from $2.06 per million British thermal units last Wednesday to $2.36/MMBtu recorded this Wednesday.
EIA said last week the agency expects US LNG exports to remain at low levels during the next two months due to low prices and the Covid effects on demand.
The agency estimates that buyers cancelled 46 US LNG cargoes in June and about 50 cargoes in July.
The most affected LNG terminals were Sabine Pass in Louisiana and Corpus Christi and Freeport in Texas, where the utilization of liquefaction capacity in July averaged 33%, 28%, and 6%, respectively, it said.