The cash market Wednesday fell overall on average by about 9 cents and elected to coat-tail on a futures double-digit loss on Tuesday. Gulf and California points were notably weak as were eastern points. Northeast locations managed to hold steady or record modest gains. At the close of futures trading August had gained 11.6 cents to $2.853 and September had risen 10.9 cents to $2.837. August crude oil tacked on $1.90 to settle at $83.91/bbl.
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Cheniere’s Freeport LNG Facility Takes Steps Forward
Coming in on the coat-tails of FERC’s pro-LNG actions last week, Houston-based Cheniere Energy Inc. said it has received a sizeable advance toward the development of its Freeport, TX, LNG receiving facility project. The company also appointed management for the project.
December 23, 2002
Cheniere’s Freeport LNG Facility Takes Steps Forward
Coming in on the coat-tails of FERC’s pro-LNG actions Wednesday, Houston-based Cheniere Energy Inc. said it has received a sizeable advance towards the development of its Freeport, TX, LNG receiving facility project. The company also appointed management for the project.
December 20, 2002
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