LNG

Oct 12 (LNGJ) - US LNG exports amounted to four shipments for a second week, a relatively low figure because of maintenance activities at the Cove Point plant in Maryland. The four vessels departed from the Sabine Pass plant in Louisiana while a fifth carrier was lifting a cargo at the facility through October 11, according to the weekly report from the Energy Information Administration. “There were no LNG exports from the Cove Point liquefaction terminal last week and no natural gas feedstock deliveries by pipeline as the facility continues its scheduled maintenance,” the EIA noted. The report said Henry Hub natural gas spot prices rose 11 cents to $3.37 per million British thermal units. “This week marks the fourth week of a Henry Hub price increase,” explained the report. “Persistent low storage levels, coupled with high power burn because of warmer-than-normal temperatures and record nuclear outages, have contributed to higher Henry Hub prices,” it said. Prices also increased at other markets. At the Chicago Citygate, prices rose 19 cents to $3.37 per MMBtu, while at the Pacific Gas and Electric Citygate in Northern California prices jumped 27 cents to $3.77 per MMBtu.