Freeport

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…

Natural gas futures recovered Monday as weather shifted substantially colder, driving heating demand and offsetting festering concerns about the relaunch of a key export facility. The December Nymex gas futures contract settled at $5.933/MMBtu, up 5.4 cents day/day. January gained 3.6 cents to $6.299. At A Glance: Forecasts call for enduring freeze Export capacity remains…

A roundup of news and commentary from NGI’s LNG Insight Freeport LNG Development LP filed a certificate of compliance report at FERC late Wednesday, bringing the project one step closer to restarting after an explosion knocked the facility offline in June. The document was confidential and unavailable to the public. The company is still targeting…

TotalEnergies SE reported a 10% sequential decline in second quarter LNG sales, but stronger prices for the super-chilled fuel helped the company cruise to a record profit. The sales decline was mainly due to the outage at the Freeport liquefied natural gas terminal on the Upper Texas coast, where TotalEnergies has long-term offtake agreements in…