Freeport Lng

More Work Expected at Freeport LNG After Train Inspections – The Offtake

Train 3 at Freeport LNG was in the process of restarting on Friday, according to a source with knowledge of the matter. An electrical motor that was damaged by severe cold in January has been repaired and is back online. Feed gas nominations were up slightly Friday. Following inspections, Freeport will now make upgrades requiring more work on Trains 1 and 2. An inspection on Train 2 is currently “progressing well,” the source said. Train 1 will be shut down for inspections and work once Train 2 is finished.

March 15, 2024
Freeport LNG Said Close to Restarting Train 3 – Three Things to Know About the LNG Market

Freeport LNG Said Close to Restarting Train 3 – Three Things to Know About the LNG Market

NO. 1: Power usage at the Freeport LNG export terminal was ramping up on Thursday, according to Wood Mackenzie, as the facility prepares to restart its third train. The liquefaction unit has been offline since January, when extreme cold caused electrical issues at the plant on the upper Texas coast.  An industry source with knowledge…

March 14, 2024
Natural Gas Futures Lose Ground for Sixth Session as Henry Hub Spot Price Sinks to 15-Year Low

Natural Gas Futures Lose Ground for Sixth Session as Henry Hub Spot Price Sinks to 15-Year Low

Natural gas futures fell Wednesday, pressured lower by weak near-term fundamentals sending cash prices to new lows and a looming government storage report Thursday that could show a bearish early season build. At A Glance: Output rises to 101.0 Bcf/d Henry Hub cash at $1.240 Storage print due Thursday The April Nymex contract settled at…

March 13, 2024
CNX Output Curb Fails to Lift Natural Gas Futures as Cash Slump Stumps Bulls

CNX Output Curb Fails to Lift Natural Gas Futures as Cash Slump Stumps Bulls

Natural gas futures reversed early gains Tuesday as weaker physical prices squashed initial optimism from another producer curtailment to send the prompt contract to its fifth straight decline. At A Glance: Output falls to 100.6 Bcf/d Warmth spreads to East National Avg. sinks to 2024 low The April Nymex contract settled at $1.714/MMBtu, down 4.5…

March 12, 2024
Natural Gas Futures Limp Into Close, Cash Sinks as Storage Glut Weighs

Natural Gas Futures Limp Into Close, Cash Sinks as Storage Glut Weighs

Natural gas futures fell on Monday for a fourth session as the possibility of an early season storage build later this week outweighed cooler weather trends into late March. At A Glance: NGI models 3 Bcf withdrawal  Nymex falls for fourth day Texas cash trades negative again The April Nymex contract settled at $1.759/MMBtu, down…

March 11, 2024
Maintenance, Unplanned Outages at U.S. Export Plants Cut Into Global Supply – LNG Recap

Maintenance, Unplanned Outages at U.S. Export Plants Cut Into Global Supply – LNG Recap

Global natural gas prices oscillated on Monday as the market reacted to supply outages in the United States and Europe. Feed gas deliveries to the Freeport LNG export terminal on the upper Texas coast sank over the weekend. The facility is scheduled this week to restart a train that went offline in January. NGI data…

March 11, 2024
Storage Glut Weighs Down Natural Gas Futures; Cash Prices Flounder — MidDay Market Snapshot

Storage Glut Weighs Down Natural Gas Futures; Cash Prices Flounder — MidDay Market Snapshot

Natural gas futures retreating through midday trading as expanding storage surplus outweighing cooler temperatures into late March April Nymex contract off 3.6 cents to $1.769/MMBtu as of 2:10 p.m. ET; May down 5.0 cents to $1.873 Lower 48 storage surplus versus five-year average poised to pass 600 Bcf; NGI modeling 3 Bcf withdrawal for week…

March 11, 2024
U.S. Natural Gas Salt Storage Projects Stage Comeback as LNG, Renewables Drive Demand

U.S. Natural Gas Salt Storage Projects Stage Comeback as LNG, Renewables Drive Demand

More than a decade after its last large build-out, natural gas salt dome storage is undergoing a revival along the Gulf Coast as LNG exports and renewables raise demand and prices for the flexible storage option. In February, Gulf Coast Midstream Partners LLC (GCM) filed with Texas regulators to build the region’s first greenfield salt…

March 5, 2024
With Production Lighter, April Natural Gas Futures Advance in Front Month Debut; Spot Prices Strengthen

With Production Lighter, April Natural Gas Futures Advance in Front Month Debut; Spot Prices Strengthen

Natural gas for delivery in April ramped up a third straight day, supported on Wednesday by lower production estimates and a late winter blast of frigid air across the nation’s midsection. At A Glance: 80s Bcf withdrawal expected Output holds near 102 Bcf/d Colder near-term conditions In its first session as the prompt month, the…

February 28, 2024

Flows Return to Freeport LNG After Train 1 Compressor Issue – The Offtake

A roundup of news and commentary from NGI’s LNG Insight Feed gas nominations to Freeport LNG started to tick up again Wednesday after being curtailed over the holiday weekend, according to Wood Mackenzie pipeline data. The Texas facility reported an outage at Train 1 on Feb. 16 caused by a compressor issue, according to a…

February 21, 2024