Freeport Lng

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
Europe and Asia LNG Prices Surge on Freeport Outage, Nord Stream 1’s Reduced Flows

Europe and Asia LNG Prices Surge on Freeport Outage, Nord Stream 1’s Reduced Flows

News that the outage at Freeport LNG in the US will last longer than initially expected drove up the ICIS European TTF gas benchmark due to lower expected US exports. The ICIS East Asia Index (EAX) also climbed, underscoring its close ties to Europe’s prices.

June 17, 2022
Natural Gas Futures Extend Recovery Ahead of EIA Report; Temps ‘Solidly Hot and Bullish’

Natural Gas Futures Extend Recovery Ahead of EIA Report; Temps ‘Solidly Hot and Bullish’

Against a backdrop of sweltering heat at home and surging prices abroad, and with traders still factoring in the balance implications of an extended outage at a major U.S. export facility, natural gas futures advanced early Thursday ahead of the latest round of government storage data. The July Nymex contract was up 38.3 cents to…

June 16, 2022
Natural Gas Futures Bounce Back After Third-Largest Drop on Record

Natural Gas Futures Bounce Back After Third-Largest Drop on Record

Following one of the biggest plunges in the history of natural gas trading, futures rebounded on Wednesday as traders digested the impact of a major export outage against a broader backdrop of robust global demand. At A Glance: Traders focus on robust cooling demand Europe’s thirst for U.S. LNG holds strong Cash prices rebound as…

June 15, 2022
Global Natural Gas Prices Soar on Freeport LNG, Russian Outages

Global Natural Gas Prices Soar on Freeport LNG, Russian Outages

European and Asian natural gas prices continued soaring higher Wednesday with the market on edge about two key supply outages in Russia and the United States. Word on Tuesday that the liquefied natural gas (LNG) terminal on Quintana Island, TX, Freeport LNG, won’t enter full service until later this year after an explosion, as well…

June 15, 2022
Natural Gas Utility Bills Rising, but Freeport LNG Outage Adds Downward Price Twist

Natural Gas Utility Bills Rising, but Freeport LNG Outage Adds Downward Price Twist

Major utilities across the United States are paying more for natural gas-fired generation, and they are passing the higher cost on to consumers. Earlier this month, the American Gas Association (AGA) reported that U.S. domestic gas demand averaged 68.8 Bcf/d in May, up 3.5% year/year. AGA attributed most of the additional demand to power burn,…

June 15, 2022
Natural Gas Futures Rebound Early as Traders Weigh Freeport Outage, Potentially Hot Summer

Natural Gas Futures Rebound Early as Traders Weigh Freeport Outage, Potentially Hot Summer

Natural gas futures rebounded early Wednesday as traders continued to mull the impact of an extended outage at the Freeport liquefied natural gas (LNG) export terminal in the context of storage deficits and a potentially hot summer ahead. After plummeting $1.420 in Tuesday’s session following news that the Freeport LNG facility won’t see a return…

June 15, 2022
Protracted Freeport LNG Outage Sends Natural Gas Futures Freefalling

Protracted Freeport LNG Outage Sends Natural Gas Futures Freefalling

Natural gas futures plummeted Tuesday on news of a major long-term hit to U.S. export capacity. After an explosion and fire at its liquefied natural gas (LNG) facility in Texas, Freeport LNG said Tuesday repair work would take several months. It is now targeting late 2022 for a return to full service. The announcement dashed…

June 14, 2022
Natural Gas Futures Drop Again as Market Fixates on Freeport LNG Uncertainty

Natural Gas Futures Drop Again as Market Fixates on Freeport LNG Uncertainty

Natural gas futures hovered in a narrow range of modest gains and losses early Monday before cruising downward and ultimately finishing deep in negative territory, as traders assessed robust summer demand expectations against a shock last week to U.S. export capacity.

June 13, 2022
Freeport LNG Situation Said Pivotal for Market Direction as Natural Gas Called Lower

Freeport LNG Situation Said Pivotal for Market Direction as Natural Gas Called Lower

With prices poised to move potentially either way depending on developments in the situation at a major U.S. export terminal that went offline last week, natural gas futures were down a few cents in early trading Monday.  The July Nymex contract was off 5.8 cents to $8.792/MMBtu at around 8:50 a.m. ET. August was down…

June 13, 2022