Freeport Lng

Natural gas futures faltered midweek, erasing the prior two days’ gains as traders looked ahead to growing storage surpluses later this month amid ongoing warmth across most of the country. The March Nymex gas futures contract settled Wednesday at $2.396/MMBtu, down 18.0 cents on the day. April futures slid 18.7 cents to $2.477. At A…

Natural gas futures slipped further into the red on Thursday despite the potential for cold weather to return to the Lower 48 within the next couple of weeks. With mixed messages in the latest storage data, and Freeport LNG not yet back online, the March Nymex gas futures contract settled at $2.456/MMBtu, down 1.2 cents…

Federal regulators have signed off on Freeport LNG Development LP’s request to begin cooling part of its transfer equipment, an early step to eventually restarting the 2.38 Bcf/d terminal. The Federal Energy Regulatory Commission informed Freeport Thursday it would grant its request to begin cooling its Loop 1 liquefied natural gas transfer system after a…

Natural gas futures, which only last month traded around $6/MMBtu, have steadily lost ground in the new year amid seasonally mild weather and closed near the $3 level on Wednesday. It marked the lowest front-month settlement since 2021. At A Glance: Prompt month falls 19 cents Supplies strong relative to demand Analysts expect bearish storage…

Front month natural gas futures were trading just shy of even early Tuesday as frigid forecasts continued to offer support. After rallying 27.3 cents in the previous session, the February Nymex contract was down 1.8 cents to $3.429/MMBtu at around 8:45 a.m. ET. March was off 4.8 cents to $3.174. The February contract managed to…

After months of repair work and documentation, Freeport LNG Development LP has formally asked federal regulators to allow preliminary work to restart the 2.38 Bcf/d terminal, according to FERC filings. Federal Energy Regulatory Commission staff published Monday a request submitted by the Houston-based company requesting permission to begin reintroducing liquefied natural gas through its Loop…

Natural gas futures floundered back into freefall Wednesday – the case of a majority of trading sessions early in the new year – as production climbed, benign weather persisted and the market braced for an anemic storage withdrawal. At A Glance: Prompt month sheds 27.5 cents Production hits 102 Bcf/d Weather forecasts wobble After a…

As the United States works toward casting a wider net on the global natural gas market via exports, key domestic markets could be turned upside down in 2023 as midstream bottlenecks leave gas stranded in producing basins. LNG developers on the Gulf Coast are in a race to boost liquefied natural gas exports to capitalize…

Natural gas futures resumed a downward spiral on Thursday after a hefty but disappointing storage withdrawal failed to impress markets, leaving traders to focus on forecasts for mild weather and diminished demand through January. At A Glance: EIA prints 221 Bcf draw Production bounces back Demand begins to fade The February Nymex gas futures contract…