EIA: US weekly LNG exports decrease

Liquefied natural gas exports from the U.S. decreased the second week in a row, according to data from the Energy Information Administration (EIA).

EIA reports in its latest Short-Term Energy Outlook that U.S. LNG exports were affected by fog and extreme winter weather conditions. This caused suspension of piloting services for several days at ports that serve LNG exports facilities, including Sabine Pass, Lake Charles port (location of Cameron LNG), and Corpus Christi.

Between 11 February and 17 February 2021, eleven LNG vessels departed the United States. Three are from Sabine Pass and three from Cameron, two are from Corpus Christi and two from Freeport, and one is from Cove Point.

The eleven vessels held a combined LNG-carrying capacity of 40 billion cubic feet.

In response to record-breaking low temperatures across most of the lower states, natural gas spot prices rose at most locations.

The Henry Hub spot price rose from $3.68 per million British thermal units (MMBtu) last Wednesday to $23.61/MMBtu this week. This is the highest nominal price going back to at least 1993. In real terms (adjusted for inflation), the price on 16 February is the highest price since February 2003.