A roundup of news and commentary from NGI’s LNG Insight
- The Calcasieu Ship Channel and Sabine-Neches Waterway have reopened to vessel traffic after heavy fog blanketed parts of the Gulf Coast. The Texas ports of Freeport and Corpus Christi were also impacted earlier in the week.
- Feed gas deliveries have declined this week as a result of the weather, going from 11.28 Bcf on Monday to 9.75 Bcf Thursday. The largest drop came at Cheniere Energy Inc.’s Sabine Pass LNG terminal, which vessels access via the Sabine-Neches Waterway. Feed gas deliveries to Sabine Pass fell to 3.4 Bcf Thursday from 4.1 Bcf on Monday.
- The Henry Hub prompt contract closed at $2.868/MMBtu Thursday, down about 4 cents from Wednesday’s close, when prices averaged $3.675 as extremely cold weather approaching parts of the United States lifted sentiment.
- Over the next two to three days, prices could rise steeply, particularly if widespread well freeze-offs occur in the Southeast, the Rockies and the Northeast, “as appears increasingly likely,” said EBW Analytics Group.
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