US LNG exports increase from last week
US federal data from June 17 show that total exports of US liquefied natural gas increased 6.5% in the week ending June 16 compared with the previous seven days.
The Energy Information Administration (EIA) reported that 65bn ft3 worth of LNG was exported in June 10-16, on board 18 vessels. Four cargoes each left from the Sabine Pass terminal in Louisiana and the Freeport and Corpus Christi facilities in Texas, and three each left from Cove Point off Maryland and Cameron off Louisiana.
There were 17 vessels laden with LNG carrying 61bn ft3 that left US export facilities in the previous week.
For piped gas, the EIA reported that natural gas exports to Mexico set a record at 6.8bn ft3/d on average, an increase of 4.6% from the previous reporting period. Imports, meanwhile, from Canada increased from the previous week by 8.6% to reach 5bn ft3/d on average.
A surge in domestic demand from elevated temperatures along the West Coast was offset by declines east of the Mississippi River. Using data from IHS Markit, EIA reported that total consumption of natural gas declined 0.1% from the previous week.
US natural gas production declined to 92.8bn ft3/d, a 0.5% drop from the previous week. The EIA in its monthly drilling report expects that natural gas production is forecast to average 84.3bn ft3/d in July, a slight increase from the expected amount in June.
The spot price for Henry Hub, the US benchmark for the price of natural gas, increased from $3.10/mn Btu on June 9 to $3.17/mn Btu June 16.