Cheniere’s Sabine Pass liquefaction terminal in Louisiana has seen more cargoes depart the facility in the week ending October 11.
According to the Energy Information Administration, five vessels with a combined LNG-carrying capacity of 18.4 billion cubic feet (Bcf) have departed the plant since Wednesday last week. This compares to three vessels with a capacity of 11.2 Bcf the week before.
Natural gas pipeline deliveries to Sabine Pass averaged 2.8 Bcf/d for the week ending October 11, up 0.8 Bcf from the previous week.
However, due to the Hurricane Nate there were substantial shit-ins in the Gulf of Mexico and the average total supply of natural gas fell by 2 percent compared with the previous week. Both dry natural gas production and average net imports from Canada decreased by 2 percent compared with the previous report week.
EIA notes that natural gas spot price movements were mixed during the week, with the Henry Hub spot price rising from $2.81 per million British thermal units last week to $2.93/MMBtu on Wednesday.
LNG World News Staff