Freeport Lng

Freeport’s Possible Return Fuels Late Surge for Natural Gas Futures; Cash Mixed

Freeport’s Possible Return Fuels Late Surge for Natural Gas Futures; Cash Mixed

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…

August 3, 2022

Freeport LNG Still on Track to Restart Operations in October – The Offtake

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.

August 3, 2022
LNG 101: Higher Stakes Seen for U.S. Exports with Atlantic Hurricane Season Underway

LNG 101: Higher Stakes Seen for U.S. Exports with Atlantic Hurricane Season Underway

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…

July 27, 2022
Natural Gas Futures Eclipse $8/MMBtu Early as Market Mulls Lean Storage Print

Natural Gas Futures Eclipse $8/MMBtu Early as Market Mulls Lean Storage Print

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…

July 22, 2022
Southeast Natural Gas Forward Basis Sharply Higher Amid Rampant Cooling Demand

Southeast Natural Gas Forward Basis Sharply Higher Amid Rampant Cooling Demand

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…

July 8, 2022
Natural Gas Forwards Free Fall on Prolonged Freeport LNG Outage

Natural Gas Forwards Free Fall on Prolonged Freeport LNG Outage

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…

July 1, 2022
PHMSA Examines ‘Overpressure Situation’ at Freeport LNG, Possibly Delaying Restart

PHMSA Examines ‘Overpressure Situation’ at Freeport LNG, Possibly Delaying Restart

High pressures in a stretch of piping likely caused an explosion that knocked the Freeport liquefied natural gas (LNG) export terminal offline, according to federal regulators, who have proposed requirements that could ultimately delay a return to service. The Pipeline and Hazardous Materials Safety Administration (PHMSA) said the cause of the June 8 incident is…

June 30, 2022
August Natural Gas Futures Make Soft Landing at Front of Curve Despite Bullish Backdrop

August Natural Gas Futures Make Soft Landing at Front of Curve Despite Bullish Backdrop

Nymex natural gas futures, led now by the August contract, failed to hold onto early price gains amid weakening demand ahead of the holiday weekend. The August Nymex futures contract settled at $6.498/MMBtu, down 7.2 cents on the day. September futures slipped 6.4 cents to $6.493. At A Glance: Models still point to hot July…

June 29, 2022
Freeport LNG Outage Proves Need to Boost Natural Gas Output, Says Huntsman CEO

Freeport LNG Outage Proves Need to Boost Natural Gas Output, Says Huntsman CEO

Barring an increase in domestic natural gas production, the United States should stay the course with regard to liquefied natural gas (LNG) export volumes, the top executive at global chemical manufacturer Huntsman Corp. told NGI. “I don’t think we should be exporting any more LNG than we are today if we’re not going to, conversely,…

June 29, 2022
Freeport LNG Outage Dominates North American Natural Gas Price Outlook

Freeport LNG Outage Dominates North American Natural Gas Price Outlook

An extended outage at the Freeport liquefied natural gas (LNG) terminal continued to dominate the North American natural gas price outlook during the June 9-15 trading period, casting a wide shadow over regional markets from coast to coast, NGI’s Forward Look data show. The initial outage following an explosion at the 2.0 Bcf/d Freeport terminal…

June 17, 2022