Freeport

The Federal Energy Regulatory Commission has cleared Freeport LNG Development LP to introduce feed gas to Train 3 for commissioning and cool down. It also has granted permission to cool down the main rundown line that extends from the liquefaction trains to the liquefied natural gas tank area.

Freeport LNG Development LP has requested FERC’s approval to reintroduce feed gas to one of its three trains more than seven months after a fire and explosion knocked the Texas plant offline. In a filing on Monday, Freeport also said that it has successfully cooled down its Loop 1 transfer piping so it can move…

U.S. natural gas prices continued to slide Monday after hitting their lowest point since 2021 last week, following other global benchmarks lower during a warm winter. Henry Hub fell below $3/MMBtu last week for the first time since May 2021. The March contract closed at $2.677 on Monday. Warm weather, a strong rebound in U.S.…

Natural gas futures forged ahead Monday, rebounding from a 7% drop the previous week, as forecasts for colder air late this month and early next galvanized bulls. News Monday that a key export facility was another step closer to reopening after a fire last year added to the momentum. At A Glance: Prompt month gains…

The European natural gas market was unfazed by colder weather and weak deliveries from Russia and Norway on Monday, when prices dropped amid a broader outlook that remains largely unchanged. Lower temperatures in Northwest Europe are forecast this week, while freezing temperatures and a drop in wind power in the UK prompted the grid operator…

U.S. natural gas prices have had a remarkably soft winter so far, but the whole of 2022 tells a completely different story. In 2022, the wholesale U.S. natural gas spot price at Henry Hub averaged $6.45/MMBtu, the highest level since 2008, according to the Energy Information Administration (EIA) based on data from Refinitiv Eikon. This…

Freeport LNG Development LP has adjusted the restart timeline for its Texas terminal again, this time pushing start-up to sometime after mid-January as it responds to a bevy of questions from regulators. Freeport representatives said the majority of the work to restart operations after a June explosion knocked the 2.38 Bcf/d terminal offline was “substantially…

Natural gas futures flopped a second consecutive trading day as the weather outlook for later this month and early next pointed to milder conditions and easing demand. The January Nymex gas futures contract settled at $5.851/MMBtu on Monday, down 74.9 cents day/day. February fell 59.3 cents to $5.710. At A Glance: Forecasts for soft start…

Natural gas forward gains were widespread during the Dec. 8-14 period as forecasts showed Arctic chills sweeping through the eastern two-thirds of the Lower 48 heading into the back half of December. Meanwhile, already-elevated western hubs saw prices moderate, according to NGI’s Forward Look. As the market locked onto the coming cold blast and a…