Cameron Lng

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

August 30, 2021
Sempra Scaling Back Cameron LNG Expansion, Taking Breather on Port Arthur, but Mexico Top Priority

Sempra Scaling Back Cameron LNG Expansion, Taking Breather on Port Arthur, but Mexico Top Priority

Sempra has scaled back plans to expand the Cameron liquefied natural gas (LNG) export facility in Louisiana, citing design innovations and the “high performance” of the existing three-train plant. The expansion originally called for two trains and two new storage tanks, adding 9.97 million metric tons per year (mmty) of capacity. However, Sempra (formerly Sempra…

June 30, 2021
European, Asian Natural Gas Prices See Another Week of Gains as Fundamentals Unchanged — LNG Recap

European, Asian Natural Gas Prices See Another Week of Gains as Fundamentals Unchanged — LNG Recap

Natural gas prices in Europe and Asia pressed higher last week, topping multi-month highs and continuing a bull run that has persisted for much of the spring.  In Europe, prompt prices notched their third straight week of gains. The Title Transfer Facility contract broke through $9.00/MMBtu and closed well beyond that mark most of the…

May 17, 2021
Natural Gas Futures Rise as Analysts See ‘Strong Setup’ in EIA South Central

Natural Gas Futures Rise as Analysts See ‘Strong Setup’ in EIA South Central

With the latest government inventory data showing Lower 48 stockpiles falling further behind historical norms, natural gas futures climbed a couple cents higher in early trading Friday. The June Nymex contract was up 2.3 cents to $2.996/MMBtu at around 8:45 a.m. ET. The Energy Information Administration (EIA) on Thursday reported an injection of 71 Bcf…

May 14, 2021

One Train Down for Maintenance at Cameron LNG — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Cameron LNG confirmed Thursday that one of its three liquefaction trains is offline for maintenance. Feed gas deliveries declined from about 2 Bcf/d on Sunday to 1.4 Bcf/d on Thursday. A spokesperson said work on the train should be completed by the end of the…

May 13, 2021
Sempra Sees Natural Gas as World’s Most Dominant Fuel Next Decade

Sempra Sees Natural Gas as World’s Most Dominant Fuel Next Decade

California-based Sempra Energy continues to bet on Mexico even given regulatory changes that could impact the private sector’s operations in the country. “Our goal is to help Mexico be successful,” CEO Jeffrey Martin said in a fourth quarter earnings call. “They need more foreign direct investment. They have a deficit in their infrastructure.”  The administration…

February 26, 2021
Cameron LNG Ramping Up Operations After Brief Outage

Cameron LNG Ramping Up Operations After Brief Outage

A utility plant trip that knocked out Cameron LNG’s three liquefaction trains earlier this week has been fixed, a spokesperson said.  It’s unclear what caused the incident, but Cameron said Tuesday the outage occurred overnight. “The issue is now resolved, and the operations team is in the process of restarting the trains,” said spokesperson Anya…

December 16, 2020

The Offtake: Vessel Finally Departs Cameron LNG

A roundup of news and commentary from NGI’s LNG Insight The Golar Seal departed Cameron LNG on Wednesday, transiting the Calcasieu Ship Channel with a draft of 35.8 feet, according to Bloomberg ship tracking data. The ship’s draft was below the 36-foot restrictions in place from a sunken rock barge in the CSC. The vessel…

October 22, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight Vessels with up to a 36-foot draft now allowed to transit Calcasieu Ship Channel (CSC) during day, allowing ballast LNG vessels to transit waterway. Fully loaded LNG vessels, with drafts of about 40 feet, unlikely to meet restrictions, but possibility remains for partially loaded ships…

October 20, 2020
Balances ‘Very Tight’ as Colder Forecast Helps Propel Natural Gas Futures Early

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
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