A roundup of news and commentary from NGI’s LNG Insight

  • Genscape Inc. said Monday feed gas deliveries to U.S. terminals down 1 Bcf/d from Sunday due to “significant disruptions” to operations at Sabine Pass. Cause is unknown, “but contributes to a run of highly volatile LNG numbers of late.” Past 30 days: Feed gas volumes have ranged from 6.8 Bcf/d to 8.8 Bcf/d.


  • Rystad Energy’s Carlos Torres-Diaz, head of gas and power markets, told NGI last week that industrial and power gas demand in Italy has declined by 5-10% so far this month. He estimated that industrial and power gas demand could fall by roughly 5% below year-ago levels across Europe for a maximum of one month as governments work to buy time in responding to coronavirus.


  • Despite market turmoil and coronavirus fallout, Sempra Energy said it still plans to make final investment decisions on Energia Costa Azul (ECA) natural gas export project in Mexico by the end of this month and Port Arthur LNG in Texas by 3Q2020.


  • Oil rout continued Monday, keeping oil-linked LNG contracts competitive. Raymond James believes West Texas Intermediate (WTI) could test $20/bbl in 2Q2020. Firm slashes oil price forecast for third time in three months to $38 WTI and $42 Brent for 2020.