LNG

Sept 7 (LNGJ) - US LNG exports declined in the past week to five shipments from seven the previous week. All five cargoes departed from the Sabine Pass liquefaction plant in Louisiana, while no vessels were loaded at the Dominion Energy facility at Cove Pont in Maryland. According to the Energy Information Administration natural gas report, the total US supply of domestic natural gas remained the same as in the previous week, averaging 87.9 billion cubic feet per day. Average net weekly imports from Canada decreased by 7 percent. “Overall demand is down with decreases in the electric power sector,” said the EIA. Total US consumption of natural gas fell by 2 percent on the week while natural gas exports to Mexico increased by 2 percent. Henry Hub spot natural gas prices edged lower from $2.96 per million British thermal units to $2.94 per MMBtu. The Tennessee Zone 4 Marcellus spot price for shale gas increased from $2.36 per MMBtu to $2.49 per MMBtu.