Natural gas spot prices in the United States fell at most locations in the week ending April 26 with the Henry Hub price dropping 10¢ from last Wednesday.
According to the weekly report by the Energy Information Administration released on Thursday, the Henry Hub spot price slid from $3.12/MMBtu last Wednesday to $3.02/MMBtu two days ago.
The Henry Hub price on Wednesday was 61% higher than a year ago, when it stood at $1.88/MMBtu.
Last year featured the lowest average annual Henry Hub price since 1999. This unusually low price was because of an unusually warm winter in 2015–2016, which left natural gas storage stocks at the end of the heating season at record-high levels, EIA said.
At the Chicago Citygate, prices decreased 3¢ from last Wednesday to $2.93/MMBtu two days ago while prices at PG&E Citygate in Northern California dropped 8¢ to $3.27/MMBtu.
Sabine Pass ships three cargoes
Natural gas pipeline flows to Cheniere’s Sabine Pass liquefaction terminal in Louisiana averaged 1.1 Bcf/d for the report week, 43% lower than the previous week.
Three vessels with a total LNG-carrying capacity of 11.4 Bcf departed Sabine Pass in the week under review, EIA said in the report,
To remind, last week, the proposed Golden Pass liquefaction terminal received an approval from the U.S. Department of Energy to export up to 2.21 Bcf/d of LNG to non-free trade agreement countries for 20 years.
To date, DOE has authorized 19.2 Bcf/d of U.S. LNG exports to non-FTA countries, EIA noted in its report.