LNG

Sept 21 (LNGJ) – US liquefied natural gas exports decreased by one shipment on the week to five cargoes, four from the Sabine Pass plant in Louisiana and one from Cove Point in Maryland. Three more carriers were lifting cargoes, two at Sabine and one at Cove Point. “Cove Point LNG facility received an LNG vessel on September 16, two days after the landfall of Hurricane Florence in North Carolina,” noted the weekly report from the Energy information Administration. US domestic natural gas prices rose with the benchmark Henry Hub spot price increasing 13 cents to $3.06 per million British thermal units, its highest since the end of January 2018 when prices averaged $3.21 per MMBtu. Other price increases were logged at the Chicago Citygate at $3.00 per MMBtu and at the Algonquin Citygate serving the Boston area where prices were 16 cents higher at $2.91 per MMBtu. Appalachian prices in shale-gas basins also rose, with the Tennessee Zone 4 Marcellus spot price up 36 cents to $2.55 per MMBtu.