LNG

Sept 28 (LNGJ) - US LNG exports amounted to five cargoes over the past week, the same as the previous week. Four vessels departed Sabine Pass in Louisiana and two more were lifting cargoes there, while one vessel left from Cove Point in Maryland, now undergoing maintenance until mid-October, according to the weekly report from the Energy Information Administration, also covering storage and prices. “The average rate of net injections into storage is 16 percent lower than the five-year average so far in the 2018 refill season, which covers April through October,” said the EIA. “If the rate of injections into working gas matched the five-year average of 10.7 billion cubic feet per day for the remainder of the refill season, total inventories would be 3,194 Bcf on October 31, which is 621 Bcf lower than the five-year average of 3,815 Bcf,” it added. Natural gas spot price movements were mixed. The Henry Hub spot prices rose from $3.06 per million British thermal units to $3.13 per MMBtu. “At the Chicago Citygate, prices decreased 11 cents from $3.00 per MMBtu to $2.89 per MMBtu,” said the report. Appalachian shale-gas prices plunged. “Prices at Dominion South in southwest Pennsylvania fell 41 cents from $2.57 per MMBtu to $2.16/MMBtu,” it added.