A roundup of news and commentary from NGI’s LNG Insight
- U.S. manufacturer CF Industries Holdings Inc. and Norwegian chemical producer Yara International ASA announced closures of their facilities because of extraordinarily high European natural gas prices, which neared $30/MMBtu this week. Yara said 40% of its European ammonia production capacity would be shut down next week, while CF Industries said its UK facilities in Billingham and Ince would be closed.
- UK Steel Director General Gareth Stace also said earlier this week some steel plants across the country were closed because of high energy prices. The blackouts could finally help curb the meteoric rise in European prices, which rose again on Friday.
- Adding to the energy crunch, Freeport LNG in Texas remained without power Friday as crews worked for a fourth day to restore it. It was unclear when the plant might return to service. Feed gas deliveries to U.S. terminals have declined due to the outage.
- Cheniere Energy Inc. has asked the Federal Energy Regulatory Commission for approval to introduce feed gas and refrigerants to the sixth train at Sabine Pass LNG in Louisiana. Approval was requested by Tuesday (Sept. 21). Train 6 is expected to be complete in 1Q2022.
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