Freeport Lng

Natural gas futures fell for a second consecutive session Wednesday as a powerful storm approached the Southeast, threatening power outages, while traders braced for another plump storage increase and the delayed return of a key export facility. At A Glance: Market looks for strong storage injection Southeast braces for hurricane conditions Freeport LNG’s return remains…

With storage refilling at a faster-than-expected clip ahead of winter, the Energy Information Administration (EIA) has slashed its projected natural gas spot price for the remainder of 2022 and the first quarter of 2023. In its latest Short-Term Energy Outlook (STEO), published Tuesday, the agency said it now expects Henry Hub spot prices to average…

Natural gas futures prices rebounded on Wednesday as weather forecasts once again hinted at colder temperatures and a major export facility affirmed its intention to relaunch this month, offsetting expectations for a stout government inventory report. At A Glance: Weather outlook shifts colder Futures jump 55 cents day/day Solid storage injection projected The December Nymex…

Freeport LNG Development LP is still planning to meet its previous guidance of a partial restart of its liquefaction facility later this month, according to representatives with the company, while regulators await final documentation. The 2.38 Bcf/d liquefied natural gas export terminal on the upper Texas coast has been offline since a June explosion attributed…

BP plc is forecasting continued high prices and volatility in the natural gas market through year-end, following an “exceptional” third quarter for its gas marketing and trading business, management said Tuesday. Breaking down the supermajor’s quarterly results on a conference call, CFO Murray Auchincloss said that reduced Russian pipeline imports to Europe “led to sharp…

BP plc CFO Murray Auchincloss told Reuters Tuesday that Freeport LNG Development LP told the company it expects to restart cargo deliveries at its export terminal on the Upper Texas Coast this month.

Natural gas futures took a breather Wednesday following a two-day rally at the front of the curve that lifted the prompt-month contract amid technically oversold conditions. Despite some intraday volatility, the November Nymex contract closed out Wednesday’s session at $5.606, off only seven-tenths of a penny from Tuesday’s close. December natural gas futures slipped 4.7…

Natural gas futures continued to climb on Wednesday despite starkly bearish near-term fundamentals, including the potential for a record fall storage injection. After hitting a $7.022/MMBtu intraday high, though, the Nymex November gas futures contract settled Wednesday at $6.930, up only 9.3 cents day/day. December futures climbed 6.2 cents to $7.236. At A Glance: 100-plus…

International energy experts from Rice University’s Baker Institute suggest the United States could face intense economic and geopolitical fallout this winter and in winters to come without support for the LNG industry currently aiding Europe. In a recently published paper from the institute, “U.S. Needs LNG to Fight a Two-Front Gas War,” the authors posit…