LNG

June 15 (LNGJ) - US LNG exports decreased to four cargoes in the past week versus six shipments the previous week. Carriers carrying a combined 14.6 billion cubic feet of natural gas departed from the Sabine Pass plant in Louisiana and none left from Cove Point in Maryland, according to the Energy Information Administration. Spot prices rose at most locations, with the benchmark Henry Hub at $2.94 per million British thermal units. “Citygate prices in California rose with increased electricity demand because of warmer weather,” said the report. The price for next-day delivery at the SoCal Citygate increased 54 cents to $3.36 per MMBtu. Northeast prices were mixed. “At the Transcontinental Pipeline Zone 6 trading point for New York City, prices increased 12 cents to $2.79/MMBtu,” said the EIA. Natural gas stocks were at 1,913 Bcf after weekly net injections of 96 Bcf. The stocks are 29 percent lower than a year ago and 21 percent below the five-year average for the week.