Freeport Lng

Freeport LNG on Track for December Restart – Listen Now to NGI’s Hub & Flow

Freeport LNG on Track for December Restart – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. NGI LNG editors Jamison Cocklin and Jacob Dick walk listeners through the latest on the Freeport LNG outage.  They discuss when the terminal on the Upper Texas Coast is likely to restart operations after a June explosion knocked the liquefied natural gas…

November 29, 2022
Messy Winter Weather in Pacific Northwest, Rockies Drives Stout Forward Price Gains

Messy Winter Weather in Pacific Northwest, Rockies Drives Stout Forward Price Gains

Huge natural gas forward basis moves continued for pipeline capacity-starved New England, but hefty premiums also shifted further west during the short Nov. 17-21 period, NGI’s Forward Look data showed. With several inches of snow falling and a stormy outlook ahead, the Rockies and Pacific Northwest posted sharply higher forward prices. Northwest Sumas December basis…

November 22, 2022
Freeport LNG on Track for December Restart – Listen Now to NGI’s Hub & Flow

Freeport LNG on Track for December Restart – Listen Now to NGI’s Hub & Flow

Click here to listen to the latest episode of NGI’s Hub & Flow. NGI LNG editors Jamison Cocklin and Jacob Dick walk listeners through the latest on the Freeport LNG outage.  They discuss when the terminal on the Upper Texas Coast is likely to restart operations after a June explosion knocked the liquefied natural gas…

November 22, 2022
Market Eyes Potential Early December Cold as Natural Gas Futures Advance Early

Market Eyes Potential Early December Cold as Natural Gas Futures Advance Early

As forecasts over the weekend teased a colder Lower 48 pattern during the first week of December, natural gas futures rallied in early trading Monday. The December Nymex contract was up 14.1 cents to $6.444/MMBtu at around 8:45 a.m. ET. January was up 16.5 cents to $6.881. Freeport LNG on Friday announced that it expects…

November 21, 2022
Freeport LNG Delays Possible Restart to December, Aims for 2 Bcf/d by January

Freeport LNG Delays Possible Restart to December, Aims for 2 Bcf/d by January

Freeport LNG Development LP is aiming to restart its Texas natural gas export facility in mid-December, spending the rest of the month finishing reconstruction work and fulfilling regulatory requirements. The operator of the 2.38 Bcf/d liquefied natural gas export terminal previously guided that it could repair the damage from a June explosion and restart sometime…

November 18, 2022
Natural Gas Futures Extend Win Streak as Freezing Weather Overshadows Bearish Risks, Supports Prices

Natural Gas Futures Extend Win Streak as Freezing Weather Overshadows Bearish Risks, Supports Prices

Natural gas futures edged higher again on Wednesday, extending a rally to three days, as traders ultimately paid more attention to robust heating demand than the protracted shutdown of a key export facility and the likelihood of a relatively robust storage injection. At A Glance: Cold weather remains at forefront Analysts expect large storage build…

November 16, 2022
Review Ties Freeport LNG Explosion to Possible Human Error, Worker Fatigue

Review Ties Freeport LNG Explosion to Possible Human Error, Worker Fatigue

Freeport LNG Development LP is developing new testing protocols and expanding its staff at the export facility after a third-party review highlighted process failures and human error as possible factors in a summer explosion. The operator of the 2.38 Bcf/d liquefied natural gas export terminal on the upper Texas coast has been reviewing the cause…

November 16, 2022
Natural Gas Futures Climb on November Cold, Though Freeport Uncertainty Lingers

Natural Gas Futures Climb on November Cold, Though Freeport Uncertainty Lingers

Boosted by a cold shot sweeping through key markets, natural gas futures advanced in early trading Tuesday, though questions surrounding the export demand outlook this winter continue to linger. The December Nymex contract was up 4.1 cents to $5.974/MMBtu at around 8:45 a.m. ET. The market continues to wrestle with uncertainty over the timeline for…

November 15, 2022
U.S. Natural Gas Prices Swing as Uncertainty Over Freeport LNG Restart Continues – LNG Recap

U.S. Natural Gas Prices Swing as Uncertainty Over Freeport LNG Restart Continues – LNG Recap

U.S. natural gas futures swung on Monday as the market continued to weigh conflicting information about when Freeport LNG might return to service. While Henry Hub ultimately finished higher, a rally earlier in the day fizzled after Bloomberg cited anonymous sources who said the terminal would likely cancel shipments scheduled for November and December. The…

November 14, 2022
Natural Gas Futures Rebound Early on Colder Weekend Weather Trends

Natural Gas Futures Rebound Early on Colder Weekend Weather Trends

In the wake of market speculation over the timing of the Freeport LNG terminal’s return to service, and with colder trends over the weekend from one of the major weather models, natural gas futures were trading sharply higher early Monday. The December Nymex contract was up 39.1 cents to $6.270/MMBtu at around 8:55 a.m. ET.…

November 14, 2022
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