US LNG exports up on week

Cheniere’s Sabine Pass liquefaction terminal in Louisiana has seen more cargoes depart the facility in the week ending October 11.

According to the Energy Information Administration, five vessels with a combined LNG-carrying capacity of 18.4 billion cubic feet (Bcf) have departed the plant since Wednesday last week. This compares to three vessels with a capacity of 11.2 Bcf the week before.

Natural gas pipeline deliveries to Sabine Pass averaged 2.8 Bcf/d for the week ending October 11, up 0.8 Bcf from the previous week.

However, due to the Hurricane Nate there were substantial shit-ins in the Gulf of Mexico and the average total supply of natural gas fell by 2 percent compared with the previous week. Both dry natural gas production and average net imports from Canada decreased by 2 percent compared with the previous report week.

EIA notes that natural gas spot price movements were mixed during the week, with the Henry Hub spot price rising from $2.81 per million British thermal units last week to $2.93/MMBtu on Wednesday.

LNG World News Staff