Henry Hub price up, three Sabine Pass LNG cargoes shipped

Sabine Pass cargo loading (Image: Cheniere)

Natural gas spot prices in the U.S. increased in most locations in the week ending March 15 on the back of colder weather.

The Henry Hub price rose 31¢ from $2.69/MMBtu last Wednesday to $3/MMBtu two days ago, according to the weekly report by the Energy Information Administration issued on Thursday.

At the Chicago Citygate, prices increased 13¢ from $2.80/MMBtu last Wednesday to $2.93/MMBtu two days ago.

“Prices in California were flatter than in areas of the country affected by unseasonably cold temperatures and a late-winter snowstorm,” EIA said.

U.S. consumption of natural gas rose by 15% compared with the previous report week, according to data from PointLogic.

Power burn climbed by 12% week over week, while industrial sector consumption increased by 4%.

Natural gas exports to Mexico were the same as last week, averaging 3.9 Bcf/d.

Sabine Pass exports three cargoes

Natural gas pipeline flows to the Cheniere’s Sabine Pass liquefaction terminal in Louisiana averaged 2.0 Bcf/d for the report week, 73%hihger than in the previous week, EIA said.

“In the beginning of March (March 1–9), the flows to the terminal averaged 1.2 Bcf/d, 40% lower than the February average of 2.0 Bcf/d because of routine commissioning-related work for Train 3 to enhance the train’s operational performance,” EIA noted in its report.

Three vessels with a combined LNG-carrying capacity of 10.5 Bcf departed Sabine Pass last week.

Cheniere started exports from the Sabine Pass liquefaction plant, currently the only such facility to ship U.S. shale gas overseas, in February last year.

Exports from the plant continued to remain high in February following record high levels in the previous two months.

The Sabine Pass terminal exported twelve LNG cargoes in December and a record fifteen in January, and February, each.

 

LNG World News Staff

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

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 >

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 >

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 >