LNG

US liquefied natural gas exports decreased in the past week after foggy conditions closed the Sabine Pass waterway on the Gulf Coast to larger ships, while on the domestic natural gas market prices dropped as warmer weather arrived along with milder forecasts and smaller-than-expected withdrawals from the nationwide gas storage system.

US LNG exports from the Sabine Pass plant decreased as three vessels with carrying capacity of 11.2 billion cubic feet departed the Louisiana liquefaction facility compared with five carriers the previous week and overall US domestic demand was flat in a market marked by a “remarkable intra-week low” for the shale-gas price caused by an outage.