EIA: Henry Hub price down, four Sabine Pass LNG cargoes shipped

Oak Spirit loading at the Sabine Pass terminal (Image courtesy of Jera)

Natural gas spot prices in the U.S. dropped in most locations in the week ending February 15, with the Henry Hub price slipping 13¢ from last Wednesday, according to the weekly report by the Energy Information Administration.

The Henry Hub spot price dropped from $3.05/MMBtu last Wednesday to $2.92/MMBtu two days ago, EIA said in its report published on Thursday.

“Nationally, weather was milder toward the end of the report period, except for on the Gulf Coast, where temperatures declined Tuesday and yesterday,” EIA said.

Spot prices at the Chicago Citygate decreased 18¢ from last Wednesday to $2.84/MMBtu two days ago while prices at PG&E Citygate in Northern California lost 9¢ to $3.30/MMBtu two days ago.

Sabine Pass exports four cargoes

Natural gas pipeline flows to the Cheniere’s Sabine Pass liquefaction terminal averaged 2.0 Bcf/d for the report week, 6% lower than in the previous week, EIA said.

“ Four vessels (combined LNG-carrying capacity of 14.0 Bcf) departed Sabine Pass last week.,” the agency noted in the report.

Cheniere started exports from the Sabine Pass liquefaction plant, currently the only such facility to ship U.S. shale gas overseas, in February last year.

Since then, more than 70 cargoes carrying U.S. LNG have been shipped to various locations worldwide.

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