EIA: Henry Hub price drops

Natural gas spot prices in the United States were mixed in the week ending September 28 with the Henry Hub price falling 12¢ from last Wednesday, the Energy Information Administration said in its weekly report.

The Henry Hub spot price dropped from $2.98/million British thermal units (MMBtu) last Wednesday to $2.86/MMBtu two days ago, the EIA said in its report issued on Thursday.

At the Algonquin Citygate, which serves Boston-area consumers, prices went up 9¢ from $2.36/MMBtu last Wednesday, while at the Transco Zone 6 trading point for New York, prices increased 21¢ from 86¢/MMBtu last Wednesday to $1.07/MMBtu two day ago, the EIA said.

According to data from PointLogic, the average total supply of natural gas decreased by 1% compared with the previous report week. Dry production fell by 2% week over week, whereas average net imports from Canada increased by 2%.

U.S. LNG exports

There were no pipeline deliveries to Cheniere’s Sabine Pass liquefaction terminal because the facility is completing the second week of the scheduled maintenance of Trains 1 and 2, the EIA said.

Cheniere had said earlier that the four-week outage would include repair works to improve the performance of the flare systems at the Sabine Pass plant, as well as to perform scheduled maintenance to Train 1 and other facilities.

However, the facility continued to ship cargoes as the storage tanks were full prior going into this maintenance.

According to the EIA, one vessel with an LNG-carrying capacity of 2.8 Bcf was scheduled to dock at the terminal on Wednesday.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 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 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

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

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >