Freeport Lng

NO. 1: The Panama Canal Authority (PCA) is adding three more daily transit slots this month to allow more vessels to pass through the waterway.  PCA said it added two additional slots for auction on Monday (March 18). Another slot is scheduled to be added next Monday (March 25), boosting the number of daily transits…

A possible fourth train for Freeport LNG is expected to remain in the development phase for now, but the facility could export an additional 1.5 million metric tons/year (mmty) to the spot market by this summer, CEO Michael Smith said Wednesday. One train at the Texas facility is currently offline and another could have intermittent…

Two of Freeport LNG’s trains at its Texas export facility could be offline intermittently through at least May, the company confirmed Wednesday, after the end of months-long maintenance on Train 3 last week. Feed gas demand and liquefied natural gas production capacity at Freeport has been limited since January after the company disclosed freezing cold…

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.

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…

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…

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…

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…

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…