EIA: Cheniere ships four Sabine Pass LNG cargoes, Henry Hub slightly down

For illustration only (Image: Cheniere)

Natural gas spot prices in the U.S. were mixed in most locations in the week ending March 22 with the Henry Hub price dropping slightly from last Wednesday.

The Henry Hub spot price dropped from $3.00/MMBtu last Wednesday to $2.98/MMBtu two days ago, according to the weekly report by the Energy Information Administration released on Thursday.

At the Chicago Citygate, prices decreased 4¢ from $2.93/MMBtu last Wednesday to $2.89/MMBtu two days ago while prices at PG&E Citygate in Northern California gained 4¢ to $3.19/MMBtu.

Sabine Pass ships four cargoes

Natural gas pipeline flows to Cheniere’s Sabine Pass liquefaction terminal in Louisiana averaged 2.2 Bcf/d for the report week, 8% higher than the previous week.

Four vessels with a total LNG-carrying capacity of 13.9 billion cubic feet (Bcf) departed Sabine Pass last week, and one vessel with a capacity of 3.8 Bcf was loading at the terminal, EIA said in the report.

Last week, Cheniere Energy received authorization from the Federal Energy Regulatory Commission (FERC) to commence liquefaction and export activities from Train 3.

The Houston-based company also filed a request with FERC to begin commissioning of Train 4.

Once the fourth train at Sabine Pass becomes operational, the total baseload nameplate capacity of the facility will reach 2.6 Bcf/d, with a maximum operating capacity of 2.9 Bcf/d, EIA noted in the report.

The fifth train at the Sabine Pass facility, currently under construction, is expected to begin service in mid-2019.

Cheniere is developing up to six trains at Sabine Pass with each train expected to have a nominal production capacity of approximately 4.5 million tons per annum.

Share this article

Follow LNG World News

Events>

<< Aug 2019 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >