Freeport Lng

It appears every time someone utters the word “Freeport,” the natural gas market gets itself into a tizzy. This time, though, the latest development in the wake of the LNG terminal’s explosion earlier this summer did nothing to alter its planned restart and thus should have had little influence over prices. At A Glance: Freeport…

Spot gas prices tumbled through the Aug. 1-5 trading week as stronger production figures countered sweltering heat across most of the country. With thunderstorms rolling through the Midwest, and cooler weather expected in some regions by the weekend, NGI’s Weekly Spot Gas National Avg. fell 63.5 cents to $8.020/MMBtu. Nymex futures also ended the week…

Natural gas futures held onto their recent gains early Thursday as traders awaited the latest government inventory data, set against the backdrop of a more bullish outlook for export demand later this year. After surging 56.0 cents higher in Wednesday’s session, the September Nymex contract was off 3.1 cents to $8.235/MMBtu as of around 8:50…

Natural gas futures were humming along most of Wednesday, with prices moving in and out of positive territory amid little change in the weather forecast or production data. In the last half hour of trading, however, the September Nymex exploded higher as details emerged regarding Freeport LNG’s potential return. At the close, the prompt month…

Freeport LNG Development LP said Wednesday it has reached a consent agreement with federal regulators, keeping it on track to return its export facility on the Upper Texas Coast to full service by the end of the year.

The Atlantic hurricane season is underway, and the U.S. natural gas industry is taking extra measures this year to be better prepared for major storms that could have far-reaching impacts amid lower domestic storage inventories and tight global energy markets.  “For the global gas market, the stakes are higher with Freeport LNG offline, especially given…

As natural gas traders and analysts continued to assess balances following a surprisingly lean weekly storage build in the latest government inventory report, futures advanced beyond the $8.00 mark early Friday.  The August Nymex contract was up 14.8 cents to $8.080/MMBtu as of around 8:40 a.m. ET. The Energy Information Administration (EIA) on Thursday reported…

Bears continued to tear into natural gas futures for the sixth straight week, sending August fixed prices down 87.0 cents on average for the period ending July 6, according to NGI’s Forward Look. September fixed prices put up similarly steep losses, which extended through the remainder of the summer (August-October). Notably, even the strip for…

As demand destruction from the Freeport liquefied natural gas (LNG) terminal outage continued to loosen balances, strong summer heat failed to prevent natural gas forwards from falling during the June 23-29 trading period. Fixed prices for August delivery at benchmark Henry Hub tumbled 37.4 cents during the period to average $6.499/MMBtu, NGI’s Forward Look data…