EIA: Sabine Pass LNG exports rise

Sabine Pass terminal (Image courtesy of Cheniere)

Natural gas spot prices in the United States rose at most locations in the week ending May 10 with the Henry Hub price rising 2¢ from last Wednesday.

The Henry Hub spot price rose from $3.09/MMBtu last Wednesday to $3.11/MMBtu two days ago, according to the weekly report by the Energy Information Administration issued on Thursday.

At the Chicago Citygate, prices increased 14¢ from last Wednesday to $3.08/MMBtu two days ago.

“At almost every trading point, prices increased substantially between Tuesday and yesterday, jumping 8¢ at Henry Hub, for example,” EIA said.

U.S. LNG exports up

Natural gas pipeline flows to Cheniere’s Sabine Pass liquefaction terminal in Louisiana averaged 2.3 Bcf/d for the report week, as compared to 2.1 Bcf/d in the previous week.

Four vessels with a total LNG-carrying capacity of 14.2 Bcf departed Sabine Pass from Thursday to Wednesday, compared with three vessels last report week, EIA said in the report.

Cheniere’s Sabine Pass liquefaction terminal, currently the only such a facility to ship U.S. shale gas overseas, has exported more than 100 cargoes of the fuel since February last year.

As of April this year, Sabine Pass LNG had reached 20 of the 39 LNG importing countries around the world, according to Cheniere.

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

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