Freeport Lng

Eyes on Freeport as Natural Gas Futures Seeing Momentum Swings — MidDay Market Snapshot

Eyes on Freeport as Natural Gas Futures Seeing Momentum Swings — MidDay Market Snapshot

Uncertainty around demand at the Freeport LNG terminal had natural gas traders on a bumpy ride through midday Tuesday. Modest gains earlier in the session gave way to a steep sell-off shortly before lunchtime on the East Coast. Here’s the latest: June Nymex futures off 4.2 cents to $1.988/MMBtu as of 2:11 p.m. ET Front…

April 30, 2024
Freeport Outage Cuts Into TotalEnergies’ First Quarter LNG Sales

Freeport Outage Cuts Into TotalEnergies’ First Quarter LNG Sales

TotalEnergies SE said Friday that its LNG sales decreased in the first quarter mainly due to lower demand in Europe and an unplanned outage at the Freeport export terminal on the upper Texas coast.  The company has 2.2 million tons (Mt) of annual tolling capacity at Freeport’s Train 3, which was offline most of the…

April 29, 2024
May Natural Gas Futures Narrow Losses on Expiry Day; Cash Prices Fall

May Natural Gas Futures Narrow Losses on Expiry Day; Cash Prices Fall

Natural gas futures fell Friday, with the May contract touching lows below $1.500/MMBtu before bouncing back on its last day as the front month. The June contract also fell, under pressure from milder weather patterns taking over and delaying expectations for summer’s heat to arrive. At A Glance: May Nymex rolls off board LNG exports…

April 26, 2024
Natural Gas Futures Slide as Hefty Wind Generation Plumps Up Weekly Storage Print 

Natural Gas Futures Slide as Hefty Wind Generation Plumps Up Weekly Storage Print 

Natural gas futures tried to shake off a stronger-than-expected government inventory print Thursday but settled lower as benign weather and LNG hiccups weighed. At A Glance: EIA reports 92 Bcf injection West Texas cash flips negative Freeport LNG stays down Following a nearly 16-cent decline, the May Nymex contract settled down 1.5 cents day/day at…

April 25, 2024
Natural Gas Forwards Slide Overall as West Texas Outlook Brightens for Bulls

Natural Gas Forwards Slide Overall as West Texas Outlook Brightens for Bulls

With excess storage inventories continuing to hang over the market through the shoulder season, natural gas forwards declined notably at the front of the curve for most regions during the April 18-24 trading period, data from NGI’s Forward Look show. May fixed prices at benchmark Henry Hub exited the period at $1.653/MMBtu, down 6.1 cents…

April 25, 2024
Natural Gas Futures Steady Following Midweek Swoon — MidDay Market Snapshot

Natural Gas Futures Steady Following Midweek Swoon — MidDay Market Snapshot

After a midweek nosedive, natural gas futures hovered close to even through midday trading Thursday, largely weathering the bearish impact of a high-side injection miss in the latest U.S. Energy Information Administration (EIA) storage data. Here’s the latest: Soon-to-expire May Nymex futures down 2.2 cents to $1.631/MMBtu at around 2:10 p.m. ET Henry Hub spot…

April 25, 2024
Mild Weather and Supply Woes Weigh on May Natural Gas Bidweek Prices 

Mild Weather and Supply Woes Weigh on May Natural Gas Bidweek Prices 

Baseload natural gas prices were trending lower for May delivery as mild weather and a glut of supply in Texas kept bidders from rushing to buy on the first day of bidweek trading Wednesday (April 24), according to NGI’s Bidweek Alert (BWA). In West Texas, Waha traded at fixed prices between negative 44.0 cents and…

April 25, 2024
Freeport LNG Reports Second Train 3 Outage in Two Weeks as Maintenance Continues

Freeport LNG Reports Second Train 3 Outage in Two Weeks as Maintenance Continues

Freeport LNG Development LP has reported another outage of its third train, currently the only one not under extensive maintenance at its Texas terminal, days after production appeared to resume, according to pipeline data and regulatory filings. The firm told Texas environmental regulators the unit experienced a system trip on Tuesday afternoon that lasted until…

April 25, 2024
Natural Gas Futures Retreat as Freeport Hiccup, Expected Bearish Storage Print Spook Traders 

Natural Gas Futures Retreat as Freeport Hiccup, Expected Bearish Storage Print Spook Traders 

More operational wobbles at the Freeport LNG terminal and worries of an expected bearish government storage print Thursday triggered another bout of selling in natural gas futures Wednesday. At A Glance: Freeport LNG Train 3 trips EQT sees curtailments through May Analysts expect above-average build The May Nymex contract dove around 10.0 cents in the…

April 24, 2024
Natural Gas Futures Flop as Market Eyes LNG Weakness — MidDay Market Snapshot

Natural Gas Futures Flop as Market Eyes LNG Weakness — MidDay Market Snapshot

Amid signs of ongoing issues at a major U.S. LNG export terminal, and with physical market prices pointing to weak near-term fundamentals, natural gas futures were headed for heavy losses as of midday trading Wednesday.  Here’s the latest: May Nymex futures down 13.2 cents to $1.680/MMBtu as of 2:11 p.m. ET Day-ahead Henry Hub prices…

April 24, 2024