With developments along the Louisiana coast appearing favorable for a ramp-up in export demand, natural gas futures surged in early trading Tuesday. The November Nymex contract was up 11.4 cents to $2.909/MMBtu at around 8:40 a.m. ET. Liquefied natural gas (LNG) feed gas demand climbed to 8.5 Bcf/d in early morning estimates from Bespoke Weather…
Calcasieu Ship Channel
Articles from Calcasieu Ship Channel
Balances ‘Very Tight’ as Colder Forecast Helps Propel Natural Gas Futures Early
Against the backdrop of a tight supply/demand balance, a colder-trending temperature outlook for later this month helped lift natural gas futures several cents in early trading Friday. The November Nymex contract was up 5.1 cents to $2.826/MMBtu at around 8:40 a.m. ET. The latest forecast early Friday from Bespoke Weather Services shifted colder toward the…
October 16, 2020
Delta-Related Obstructions in Calcasieu Ship Channel Blocking Deep Draft Traffic
A barge that sank late Tuesday in the Calcasieu Ship Channel (CSC) of Louisiana is one of three obstructions that need to be removed before deep draft vessel traffic, including tankers carrying liquefied natural gas (LNG), is allowed to resume, according to the U.S. Army Corps of Engineers. In addition to the barge that sank…
October 14, 2020
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