EIA: Sabine Pass exports flat on week, Henry Hub climbs

Sabine Pass terminal (Image courtesy of Cheniere)

Cheniere’s Sabine Pass liquefaction terminal in Louisiana, currently the only such a facility to ship U.S. shale gas overseas, has exported three cargoes of the fuel in the week ending June 28, according to the Energy Information Administration.

Three vessels with a total LNG-carrying capacity of 11 billion cubic feet (Bcf) departed Sabine Pass from Thursday to Wednesday, the same as compared to the week before, EIA said in its weekly report issued on Thursday.

One vessel with a capacity of 3.6 Bcf was loading at the liquefaction terminal on Wednesday.

Natural gas pipeline flows to the liquefaction terminal averaged 1.6 Bcf/d for the week ending June 28, down as compared to 1.8 Bcf/d  in the previous week, EIA said.

Worth mentioning, Cheniere and South Korean LNG importing giant recently announced the start of their 20-year sales and purchase deal to supply US LNG to the latter from the Sabine Pass facility.

The contract was originally signed in 2012 and calls for delivery of 0.46 Bcf/d of LNG from Sabine Pass Train 3 to South Korea.

Cheniere currently ships the chilled fuel produced at three liquefaction trains. The company is developing up to six trains at its Sabine Pass terminal with each train expected to have a capacity of about 4.5 million tons per annum.

Henry Hub price up

Natural gas spot prices in the United States were mixed at most locations in the report week with the Henry Hub price rising 13¢ from last Wednesday.

The Henry Hub spot price increased from $2.88/MMBtu last Wednesday to $3.01/MMBtu two days ago, EIA said.

At the Chicago Citygate, prices increased 4¢ fto $2.84/MMBtu two days ago, while Prices at PG&E Citygate in Northern California stayed level week over week at $3.19/MMBtu.

 

LNG World News Staff

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