Cedigaz News Reports


US weekly LNG exports down to 22 shipments

US liquefied natural gas exports decreased in the week ending April 10 compared to the week before, according to the Energy Information Administration.The agency said in its weekly report that 22 LNG carriers departed the US plants between April 4 and April 10, three shipments less compared to the week before.Citing shipping data provided by Bloomberg Finance, the EIA said the total capacity of these LNG vessels is 75 Bcf.

Natural gas deliveries to US terminals rise

Average natural gas deliveries to US LNG export terminals increased by 1.2 percent (0.1 Bcf/d) week over week, averaging 12.6 Bcf/d, according to data from S&P Global Commodity Insights. Natural gas deliveries to terminals in South Louisiana decreased by 0.9 percent (0.1 Bcf/d) to 8.3 Bcf/d, while natural gas deliveries to terminals in South Texas increased 6.8 percent (0.2 Bcf/d) to 3 Bcf/d.

The agency said that natural gas deliveries to terminals outside the Gulf Coast increased 2.3 percent (less than 0.1 Bcf/d) to 1.3 Bcf/d. Cheniere’s Sabine Pass plant shipped eight cargoes and the company’s Corpus Christi facility sent three shipments during the week under review. Sempra Infrastructure’s Cameron LNG terminal and Venture Global LNG’s Calcasieu Pass facility each shipped three cargoes during the period. Also, the Elba Island terminal and the Freeport LNG facility each sent two cargoes, while the Cove Point terminal shipped one cargo. Freeport LNG, south of Houston, Texas is currently operating with only one of three trains.

The EIA is expecting a 2 percent increase in US LNG exports this year compared to record 2023, while LNG exports are expected to rise 18 percent in 2025 due to new LNG terminals coming online.

Henry Hub slightly up

This report week, the Henry Hub spot price rose 2 cents from $1.86 per million British thermal units last Wednesday to $1.88/MMBtu this Wednesday. The agency said the price of the May 2024 NYMEX contract increased 4.4 cents, from $1.841/MMBtu last Wednesday to $1.885/MMBtu this Wednesday. According to the EIA, the price of the 12-month strip averaging May 2024 through April 2025 futures contracts rose 1 cent to $2.829/MMBtu.

TTF averaged $8.58/MMBtu

The agency said that international natural gas futures increased this report week. Bloomberg Finance reported that weekly average front-month futures prices for LNG cargoes in East Asia increased 6 cents to a weekly average of $9.57/MMBtu. Natural gas futures for delivery at the Dutch TTF increased 17 cents to a weekly average of $8.58/MMBtu. In the same week last year (week ending April 12, 2023), the prices were $12.61/MMBtu in East Asia and $13.84/MMBtu at TTF, the agency said. (April 12, 2024)