Its referred to as female ejaculation (yes woman can ejaculate
too) I myself have experienced 3 lovers before who ejaculated
during sex (clean the sheets regularly). The liquid seems to be
stored in what is called the parauretrhal ducts and comes out of
the urethra, now when women ejaculate it can happen either during
sex or when having an orgasm. Not all women will be able to have
them but survey's stated that around and about 35-50% have stated
they have indeed experienced this.