Freeport LNG Outage Proves Need to Boost Natural Gas Output, Says Huntsman CEO

Barring an increase in domestic natural gas production, the United States should stay the course with regard to liquefied natural gas (LNG) export volumes, the top executive at global chemical manufacturer Huntsman Corp. told NGI. “I don’t think we should be exporting any more LNG than we are today if we’re not going to, conversely,…

North American Natural Gas Prices Continue Slide; Traders Uncertain on New Rules – Mexico Spotlight

North American natural gas prices lost more than three dollars in June after an explosion at the Freeport liquefied natural gas (LNG) plant early in the month knocked the facility offline. August took over as the front month contract for New York Mercantile Exchange futures this week and prices continued to be pressured downwards. On…

June 30, 2022

Sell-Off in Natural Gas Forwards Fueled by Freeport LNG Outage as Bears Take Control

As demand destruction from the Freeport liquefied natural gas (LNG) terminal outage continued to loosen balances, strong summer heat failed to prevent natural gas forwards from falling during the June 23-29 trading period. Fixed prices for August delivery at benchmark Henry Hub tumbled 37.4 cents during the period to average $6.499/MMBtu, NGI’s Forward Look data…

June 30, 2022

In Blow to Biden Climate Agenda, Supreme Court Limits EPA Authority Over Power Plants

In a victory for the natural gas and coal industry, the U.S. Supreme Court on Thursday curtailed the Environmental Protection Agency’s (EPA) authority to regulate greenhouse gas emissions (GHG) from power plants. In a 6-3 decision, the high court sided with plaintiffs, including the coal-producing states of West Virginia and North Dakota, as well as…

June 30, 2022

PHMSA Examines ‘Overpressure Situation’ at Freeport LNG, Possibly Delaying Restart

High pressures in a stretch of piping likely caused an explosion that knocked the Freeport liquefied natural gas (LNG) export terminal offline, according to federal regulators, who have proposed requirements that could ultimately delay a return to service. The Pipeline and Hazardous Materials Safety Administration (PHMSA) said the cause of the June 8 incident is…

June 30, 2022