Freeport

Uniper SE recorded no losses in the first quarter related to replacing natural gas supplies that were cut off by Russia last year, and the company expects a “strong earnings recovery” after being bailed out by the German government in 2022.  The steep decline in global gas prices since last year has eased the costs…

Natural gas futures probed higher early Monday, with bulls seizing upon favorable near-term weather, steady export demand and market expectations for a seasonally robust inventory withdrawal. But intensifying stress in the global financial system ultimately curbed the momentum and left futures in the red as markets closed. At A Glance: Mixed weather outlook All eyes…

European natural gas prices sank Monday, giving up last week’s gains as the March Title Transfer Facility (TTF) contract rolled off the board with the continent amply supplied as spring nears.  The March and April contracts finished below $15/MMBtu as the week got underway. European gas storage inventories are at about 62% of capacity, compared…

Freeport LNG Development LP on Tuesday won approval from federal regulators to restart commercial operations and said it would ramp up to 2 Bcf/d of production, enough to meet its long-term contracts in the coming weeks.  The Federal Energy Regulatory Commission authorized full service to resume on two liquefaction trains eight months after an explosion…

Like roses on Valentine’s Day, natural gas futures opened the week in the red as weather models trended warmer with the forecast for the next week or so. With production near recent highs and storage surpluses set to grow in the coming weeks, the March Nymex gas futures contract settled Monday at $2.405/MMBtu, off 10.9…

Natural gas futures ended the week on a high note, boosted by a brief blast of cold air sweeping across the central and eastern United States. The March Nymex contract settled Friday at $2.514/MMBtu, up 8.4 cents from Thursday’s close. April futures climbed 11.5 cents to $2.607. At A Glance: Production back near record highs…

Global natural gas prices were muted on Monday as Europe’s Title Transfer Facility (TTF) continued trading sideways, the Japan-Korea Marker (JKM) followed and prices in the United States remained at some of the lowest levels in years. Fundamentals are largely unchanged. TTF traded in a stable range at just under $20/MMBtu last week, but increased…

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…