Cheniere terminals dominate US LNGC sailings

Monday, 15 August 2022
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Seventeen LNGCs sailed from the US between 4th August and 10th August, according to shipping data provided by Bloomberg Finance to the US Energy Information Administration (EIA).

Eight LNGCs left Sabine Pass, four from Corpus Christi, three from Cameron and one each from Calcasieu Pass and Cove Point. 

They had a combined LNG-carrying capacity of 64 bill cu ft.

During the period, the Henry Hub spot price rose 6 cents to $7.89 per MMBtu, while the price of the September 2022 NYMEX contract fell by 6 cents to $8.202 per MMBtu yesterday. 

The 12-month strip price averaging September, 2022 through August, 2023 futures contracts dropped by 2 cents to $6.732 per MMBtu.

According to Bloomberg Finance, weekly average futures prices for LNG cargoes in East Asia increased 65 cents to a weekly average of $44.61 per MMBtu, and natural gas futures for delivery at the Title Transfer Facility (TTF) in the Netherlands, fell by 38 cents to a weekly average of $59.16 per MMBtu.

Data supplied by PointLogic, showed that the average total supply of natural gas in the US fell by 0.1% (0.1 bill cu ft per day), compared with the previous reporting week. Average net imports from Canada dropped by 6% (0.3 bill cu ft per day) from the last week.

Natural gas exports to Mexico fell by 3.3% (0.2 bill cu ft per day). Natural gas deliveries to US LNG export facilities (LNG pipeline receipts) averaged 10.8 bill cu ft per day, 0.1 bill lower than last week, the EIA said, quoting PointLogic.

Last modified on Monday, 15 August 2022 10:31
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