Freeport Lng

Freeport LNG Cancels Additional Cargo Loadings – The Offtake

A roundup of news and commentary from NGI’s LNG Insight Freeport LNG Development LP has canceled up to four cargoes that were scheduled to be loaded this month as it continues working through issues to fully restart the plant on the upper Texas coast after an explosion nine months ago, according to Reuters.  Market sources…

March 22, 2023
Natural Gas Futures, Spot Prices Fall Second Day as Market Braces For Bearish Storage Report

Natural Gas Futures, Spot Prices Fall Second Day as Market Braces For Bearish Storage Report

Natural gas futures faltered on Wednesday, a second-consecutive loss, as analysts anticipated another soft government inventory print and traders started to look past a late-winter surge of cold and toward likely benign spring weather. At A Glance: Analysts see modest storage draw Forecasts call for near-term cold Mixed reads on gas production The April Nymex…

March 15, 2023
Natural Gas Futures Rally On Looming Cold Weather; Cash Prices Cruise

Natural Gas Futures Rally On Looming Cold Weather; Cash Prices Cruise

Natural gas futures found fresh footing Monday, posting double-digit gains as forecasts pointed to seasonally strong heating demand that more than offset losses late last week. The April Nymex gas futures contract settled at $2.606/MMBtu, up 17.6 cents day/day. It had shed 11.3 cents on Friday. May climbed 16.7 cents on Monday to $2.726. At…

March 13, 2023
Down Day for Natural Gas Futures, Cash as Mild Weather Proves Formidable Force

Down Day for Natural Gas Futures, Cash as Mild Weather Proves Formidable Force

Natural gas futures failed to sustain the prior day’s gains, instead sliding ahead of what’s expected to be another smaller-than-normal storage withdrawal in the upcoming government inventory report. The April Nymex gas futures contract settled Wednesday at $2.551/MMBtu, off 13.6 cents from Tuesday’s close. May futures shed 12.7 cents to reach $2.713. At A Glance:…

March 8, 2023

FERC Clears Freeport to Restart Final Liquefaction Train – The Offtake

FERC has authorized Freeport LNG Development LP to restart service on its final train. The Federal Energy Regulatory Commission on Wednesday cleared the company to commission, cooldown and restart liquefaction on Train 1.

March 8, 2023
Technicals, Bump in Heating Demand Lift Natural Gas Futures, But Cold Still Seen as ‘Broken Promise’

Technicals, Bump in Heating Demand Lift Natural Gas Futures, But Cold Still Seen as ‘Broken Promise’

Natural gas futures recovered a bit on Tuesday as some heating demand was added back to the 15-day forecast. With some technical support also in play, the April Nymex gas futures contract settled at $2.687/MMBtu, up 11.5 cents on the day. May futures climbed 11.0 cents to $2.840. At A Glance: GFS model trends cooler…

March 7, 2023
U.S. Feed Gas Deliveries Hit Record as Freeport LNG Continues to Ramp Up – LNG Recap

U.S. Feed Gas Deliveries Hit Record as Freeport LNG Continues to Ramp Up – LNG Recap

Freeport LNG is now accepting more than 1 Bcf/d of feed gas, helping send total deliveries to U.S. export plants above 14 Bcf/d over the weekend for the first time ever. The Freeport terminal on the upper Texas coast has been ramping back up after federal regulators authorized partial service to resume at the facility…

March 7, 2023
Natural Gas Futures Extend Winning Streak; Cash Prices Strengthen Across Lower 48

Natural Gas Futures Extend Winning Streak; Cash Prices Strengthen Across Lower 48

Natural gas futures forged higher for a sixth consecutive session on Wednesday as traders focused on weakening production and forecasts for chilly March conditions. The April Nymex gas futures contract settled at $2.811/MMBtu, up 6.4 cents day/day. May rose 8.0 cents to $2.943. At A Glance: Analysts see storage pull in 70s Bcf Mid-March forecasts…

March 1, 2023
Freeport LNG Requests Authorization to Restart Last Liquefaction Train

Freeport LNG Requests Authorization to Restart Last Liquefaction Train

Freeport LNG Development LP this week asked federal regulators for approval to begin commercial operations from Train 1. “Freeport has performed a full pre-startup safety review of Train 1, identified and completed corrective work necessary to be able to safely restart the unit, and is ready to commence activities to safely restart Train 1, beginning…

February 28, 2023
Natural Gas Futures, Cash Prices Rise Ahead of Brief Winter Storm

Natural Gas Futures, Cash Prices Rise Ahead of Brief Winter Storm

Natural gas futures strengthened midweek as the ramp-up of full operations at a key export facility combined with the potential for March cold to support the market. With technical trading likely aiding the rally, the March Nymex gas futures contract settled Wednesday at $2.174/MMBtu, up 10.1 cents on the day. April futures climbed 12.1 cents…

February 22, 2023