EIA: US weekly LNG exports up by five LNG carriers

LNG exports from the U.S. increased by five LNG carriers from last week, followed by Henry Hub spot prices, according to the Energy Information Administration (EIA) report.

In the latest Short-Term Energy Outlook for the week between 19 May and 25 May, EIA reports that 24 LNG vessels departed the United States. This is five more than the previously reported week.

Eight LBG carriers departed from Sabine Pass, five from Freeport, four from Corpus Christi, three from Cameron, and two each from Calcasieu Pass and Cove Point. They held a combined LNG-carrying capacity of 90 billion cubic feet.

EIA says that higher exports this week can be attributed, in part, to the completion of seasonal maintenance at LNG terminals.

In addition, Henry Hub spot price rose from $8.45 per million British thermal units (MMBtu) last Wednesday to $9.30/MMBtu this week.

Natural gas deliveries to U.S. LNG export facilities also rose, averaging 12.9 Bcf/d, or 0.9 Bcf/d higher than last week.