US LNG exports decline in July 17-23
US LNG exports declined in June 17-23 versus the previous week, the US Energy Information Administration reported on June 24, though piped gas exports to Mexico hit a record high.
Some 62bn ft3 worth of gas in LNG form left export facilities in the seven days, about 3bn ft3 less than the previous reporting period. There were 17 vessels laden with LNG that left export terminals during the week. Five left from the Sabine Pass terminal and two departed from the Cameron facility, both in Louisiana. Four each left from the Freeport and Corpus Christi facilities in Texas and one each left the Cove Point terminal off Maryland and Elba Island off Georgia.
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Piped exports to Mexico, however, increased 3% from the previous week to reach 7bn ft3/d on average, a record high. Natural gas imports from Canada, meanwhile, decreased 6.6% from the previous week to reach 4.7bn ft3/d on average, but remain within the five-year range.
Relief from extreme heat helped pushed demand lower on the week. On pricing, Henry Hub, the US benchmark for the price of natural gas, hit a weekly high of $3.33/mn Btu. Henry Hub averaged $2.40/mn Btu in June 2019, discounting the profound demand strains during the pandemic last year.