LNG

July 13 (LNGJ) - US LNG exports increased in the past week as six vessels departed through July 11 carrying a combined 22.4 billion cubic feet of natural gas. Four of the cargoes were shipped from the Sabine Pass facility in Louisiana and two from Cove Point in Maryland, said the Energy Information Administration. The Henry Hub spot price fell in the week to $2.84 per million British thermal units. “After record-high temperatures were experienced in the Northeast and Midwest last week, temperatures in most of the Lower 48 states decreased, reducing natural gas demand for electric power generation for air conditioning,” said the EIA. Northeast prices also fell. At the Algonquin Citygate for Boston prices dropped 48 cents to $2.70 per MMBtu. At the Transcontinental Pipeline Zone 6 for New York, prices decreased 14 cents to $2.92 per MMBtu. At the Chicago Citygate prices declined to $2.75 per MMBtu and shale-gas on the Tennessee Zone 4 Marcellus system fell 8 cents to $2.09 per MMBtu.i