Freeport

A third LNG vessel, the Grace Fressia, has declared Freeport LNG as its destination with an estimated arrival sometime around Dec. 20, according to ship-tracking data from Kpler.

Freeport LNG Development LP said Friday that it now expects to restart its export terminal on the upper Texas coast sometime around the end of the year, pushing back a previous estimate for mid-December issued last month by roughly two weeks. Spokesperson Heather Browne said the company received several key regulatory approvals Thursday that “allow…

Natural gas futures on Monday floundered following forecasts for milder weather and estimates of strong production to start the week, continuing a slump as the December contract traded into expiration. At A Glance: Weather demand fades in outlook Analysts expect second storage pull Rail strike lurks for natural gas bulls After falling in Friday’s session,…

Natural gas futures found fresh footing on Monday, as traders mulled an updated relaunch timeline for a major export facility, railroad union members considered a strike, and forecasts pointed to another round of wintry weather in early December. At A Glance: LNG facility aims for December return Demand could intensify next month Analysts expect large…

Cold weather has finally arrived in Europe, necessitating some of the season’s first natural gas storage withdrawals and lifting prompt prices.  The Title Transfer Facility (TTF) finished last week higher on colder forecasts and the gains held Monday, when the December contract finished 30 cents higher at $34.87/MMBtu. Other winter contracts fell with storage inventories…

Natural gas forward prices continued to strengthen during the Nov. 9-16 period amid a continuation of colder-than-normal temperatures ahead of the core of winter, according to NGI’s Forward Look. Gains (again) were most pronounced in New England, where rising heating demand and pipeline constraints combined to drive hefty premiums compared to the rest of the…

LONDON (ICIS) — Price spreads between Europe and Asia widened earlier in the week but had narrowed again by 16 November.

Freeport LNG Development LP is aiming to restart its Texas natural gas export facility in mid-December, spending the rest of the month finishing reconstruction work and fulfilling regulatory requirements. The operator of the 2.38 Bcf/d liquefied natural gas export terminal previously guided that it could repair the damage from a June explosion and restart sometime…

Freeport LNG Development LP is developing new testing protocols and expanding its staff at the export facility after a third-party review highlighted process failures and human error as possible factors in a summer explosion. The operator of the 2.38 Bcf/d liquefied natural gas export terminal on the upper Texas coast has been reviewing the cause…