EIA: US weekly LNG exports drop, Henry Hub price climbs

Energy Information Administration (EIA) weekly report has shown that LNG exports from the U.S. decrease this week, with Henry Hub prices going up.

For the period of 7 April to 14 April 2021, according to the latest Short-Term Energy Outlook, EIA reports that U.S. LNG exports decreased with prices in most markets rising as mixed temperatures across the country result in higher-than-expected heating demand.

Twenty LNG vessels departed the United States during this week. Seven were from Sabine Pass, five were from Freeport, three were from Cameron, three were from Corpus Christi, and two were from Cove Point.

Their combined LNG-carrying capacity is 73 billion cubic feet.

The Henry Hub spot price rose from $2.38 per million British thermal units (MMBtu) last Wednesday to $2.60/MMBtu this week.

Natural gas deliveries to U.S. LNG export facilities averaged at 11.1 Bcf/d, which is 0.57 Bcf/d lower than last week.