US LNG exports reach 29 shipments

February

28

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 [[{“value”:”US LNG

EIA said in its weekly report, citing shipping data provided by Bloomberg Finance, that the total capacity of these 29 LNG vessels is 108 Bcf.

This compares to 29 shipments and 110 Bcf in the week ending February 19.

According to data from S&P Global Commodity Insights, average natural gas deliveries to US LNG export terminals increased 0.3 Bcf/d from last week to 16.4 Bcf/d.

Natural gas deliveries to terminals in South Louisiana increased by 2.9 percent (0.3 Bcf/d) to 10.4 Bcf/d.

EIA said deliveries to terminals in South Louisiana are up by 13.7 percent (1.2 Bcf/d) in February so far compared with an average 8.8 Bcf/d in December 2024, when Plaquemines LNG began producing LNG and shipped its first LNG cargo.

Natural gas deliveries to terminals in South Texas were essentially unchanged at 4.8 Bcf/d, and natural gas deliveries to terminals outside the Gulf Coast decreased by 2.6 percent (less than 0.1 Bcf/d) to 1.1 Bcf/d this week, the agency said.

During the week under review, Cheniere’s Sabine Pass plant shipped eight LNG cargoes, and the company’s Corpus Christi facility sent five shipments.

Moreover, the Freeport LNG terminal sent five cargoes and Sempra Infrastructure’s Cameron LNG terminal shipped four cargoes this week.

Venture Global LNG’s Calcasieu Pass and Plaquemines LNG terminals and the Cove Point terminal each shipped two shipments.

In addition, the Elba Island facility sent one cargo during the week under review.

EIA said that the Henry Hub spot price fell $3.87 from $7.78 per million British thermal units (MMBtu) last Wednesday to $3.91/MMBtu this Wednesday.

The March 2025 NYMEX contract expired on Wenesday at $3.906/MMBtu, down 37 cents from last Wednesday.

Also, the April 2025 NYMEX contract price decreased to $3.959/MMBtu, down 25 cents from last Wednesday to this Wednesday.

The price of the 12-month strip averaging April 2025 through March 2026 futures contracts declined 14 cents to $4.420/MMBtu, EIA said.

The agency said that international natural gas futures decreased this report week.

Bloomberg Finance reported that average front-month futures prices for LNG cargoes in East Asia decreased 62 cents to a weekly average of $14.02/MMBtu.

Natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands decreased $1.31 to a weekly average of $13.99/MMBtu.

In the same week last year (week ending February 28, 2024), the prices were $8.26/MMBtu in East Asia and $7.64/MMBtu at TTF, EIA said.

Source: Lngprime.com

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