Freeport News Fails to Stop Natural Gas Bears from Chomping Away at Forward Prices

With February only days away, the natural gas market may be closing the book on winter – and brushing off news of Freeport LNG’s impending restart – as forward prices continued to soften through the Jan. 19-25 period, according to NGI’s Forward Look. The past week’s trading patterns continued the trends that have played out…

Lack of Natural Gas, Hydrocarbons Storage Said Hampering Mexico Energy Industry 

The lack of available storage options for natural gas and fuels continues to challenge the Mexican energy industry, leaving the country vulnerable in the event of supply interruptions, such as aberrational weather or unforeseen outages, executives said this week. Speaking at the 8th Mexico Infrastructure Projects Forum in Monterrey, stakeholders  in Mexico’s government and private…

January 26, 2023

Freeport LNG Given Green Light by FERC for Preliminary Restart Work

Federal regulators have signed off on Freeport LNG Development LP’s request to begin cooling part of its transfer equipment, an early step to eventually restarting the 2.38 Bcf/d terminal. The Federal Energy Regulatory Commission informed Freeport Thursday it would grant its request to begin cooling its Loop 1 liquefied natural gas transfer system after a…

January 26, 2023

Alaska Governor Ready to ‘Unlock’ North Slope Natural Gas to Power LNG, Hydrogen Exports to Asia

Alaska Gov. Mike Dunleavy sees the state’s future connected to its role as a global energy supplier, which means utilizing more natural gas resources and developing LNG exports to Asia, he said during the annual State of the State address. The Republican governor, who is beginning his second term, said he intended to build on…

January 26, 2023

South Texas Port Caps Record Year; LNG Growth Seen Continuing Despite Recession Headwinds

Fresh off another record quarter, the Port of Corpus Christi in South Texas solidified a banner year in which tonnage reached new heights as demand soared for refined products and crude oil, along with LNG exports. The port achieved a new annual tonnage record of 187.9 million tons – a 12% increase over 2021 volumes,…

January 26, 2023