LNG exports rise again

(Courtesy Cheniere Energy)

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 reports 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 and three from Cameron LNG, both in Louisiana.

There were 17 vessels carrying carrying 61bn ft3 of LNG that left US export facilities in the previous week.

U.S. 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.

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