Natural Gas News – November 7, 2023
Natural Gas News – November 7, 2023
US Weekly LNG Exports Climb To 29 Cargoes
The agency said in its weekly natural gas report that 29 LNG carriers departed the US plants between October 26 and November 1, two vessels more compared to the week before. Moreover, the total capacity of these LNG vessels is 108 Bcf, the EIA said, citing shipping data provided by Bloomberg Finance. Average natural gas deliveries to US LNG export terminals rose by 2 percent (0.2 Bcf/d) week over week, averaging 13.9 Bcf/d, according to data from S&P Global Commodity Insights. Natural gas deliveries to terminals in South Louisiana increased by 2.9 percent (0.2 Bcf/d) to 8.7 Bcf/d. The agency said that natural gas deliveries to terminals in South Texas and outside the Gulf Coast were essentially unchanged, averaging 4.1 Bcf/d in South Texas and 1.1 Bcf/d outside the Gulf Coast. Cheniere’s Sabine Pass plant shipped … For more info go to
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LNG Exports Raise Natural Gas Prices for Americans
Natural gas production in the United States has spiked since the fracking boom of the mid-2000s, with about two-thirds of total production coming from Texas, Pennsylvania, Louisiana, and West Virginia— typically transported by pipeline to power plants and home furnaces throughout the country. Domestic natural gas supply and demand have generally tracked one another, and the relatively small amount of international trade has consisted primarily of imports via pipelines from Canada. But the boom in new liquified natural gas (LNG) export terminals has changed these economics and is increasingly tying domestic gas prices to global markets. As with crude oil, increasing LNG exports will cause U.S. natural gas prices to be set on the international market, meaning that domestic prices will be subj… For more info go to https://shorturl.at/aIVX5
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