Golden Pass

Golden Pass, Delfin Take Final Capacity for Kinder Morgan’s Texas-Louisiana Expansion Project

Golden Pass, Delfin Take Final Capacity for Kinder Morgan’s Texas-Louisiana Expansion Project

Kinder Morgan Inc.’s (KMI) Texas-Louisiana Expansion project, aimed at bringing additional natural gas supply to the Gulf Coast, is now fully subscribed after two LNG exporters signed on as customers. Natural Gas Pipeline Company of America LLC (NGPL), a KMI subsidiary, told FERC in a recent filing it has inked agreements to supply the Golden…

March 11, 2024
Bump for Natural Gas Futures; Negative West Texas Cash Returns — MidDay Market Snapshot

Bump for Natural Gas Futures; Negative West Texas Cash Returns — MidDay Market Snapshot

Natural gas futures pop around 1:25 p.m. ET, shortly after Golden Pass Pipeline files FERC partial in-service request April Nymex contract briefly pushed above $2.000/MMBtu before receding; front month at $1.945 as of 2:02 p.m. ET, up 2.9 cents Regulatory filing seeks interim service for part of Golden Pass Pipeline by April 1, adding up…

March 5, 2024
Work Continues on 20 Bcf/d of Pipeline Capacity for U.S. LNG Export Projects

Work Continues on 20 Bcf/d of Pipeline Capacity for U.S. LNG Export Projects

Eight pipeline projects continue to advance in Texas and Louisiana to feed five LNG export projects that are currently under construction along the Gulf Coast.  The pipelines have all been approved and some are under construction. They would add more than 20 Bcf/d of capacity to feed liquefaction trains coming online through the end of…

December 27, 2023
Natural Gas Forwards Tumble as Revised Golden Pass Timeline Impacts Demand Outlook

Natural Gas Forwards Tumble as Revised Golden Pass Timeline Impacts Demand Outlook

Unable to escape a bearish fundamental outlook informed by production outperformance and mild December weather, regional natural gas forwards saw heavy discounts during the Nov. 30-Dec. 6 trading period, NGI’s Forward Look data show. National benchmark Henry Hub fell to $2.575/MMBtu for January delivery, a 24.4-cent slide versus week-earlier prices.   Winter bulls found little refuge…

December 8, 2023
In Wake of Golden Pass Delay, January Natural Gas Nears $2.50 Ahead of EIA Data

In Wake of Golden Pass Delay, January Natural Gas Nears $2.50 Ahead of EIA Data

Natural gas futures continued to lose ground early Thursday as milder-trending forecasts did little to repair the damage dealt by a material weakening in export demand expectations heading into next year. After plunging 14.1 cents on Wednesday, the January Nymex contract was down another 3.2 cents to $2.537/MMBtu at around 8:30 a.m. ET. Futures sold…

December 7, 2023
January Futures Crumbled as News of LNG Facility Delay Stokes Storage Glut Fears

January Futures Crumbled as News of LNG Facility Delay Stokes Storage Glut Fears

Natural gas futures tanked at midmorning Wednesday after news of the delayed completion of a major LNG export facility accelerated earlier losses driven by healthy production and lackluster weather-related demand. At A Glance: January natural gas sinks 14.1 cents Golden Pass LNG “mechanical completion” delayed Cash sinks on futures, weather The front-month natural gas futures…

December 6, 2023
‘Stronger Desire’ by Customers to Lock in Long-Term LNG Contracts, Says ExxonMobil CEO

‘Stronger Desire’ by Customers to Lock in Long-Term LNG Contracts, Says ExxonMobil CEO

Natural gas demand has not slowed, and that’s helping to grease the skids for export contracts, ExxonMobil CEO Darren Woods said Wednesday. During a webcast to discuss capital spending and projected plans, Woods was asked about the company’s opportunities in the global LNG export market. The integrated major is a partner in several big gas…

December 6, 2023
Questions Loom Over Haynesville Production as LNG Export Capacity Surge Nears

Questions Loom Over Haynesville Production as LNG Export Capacity Surge Nears

As U.S. LNG exporters race to be the next project built on the Gulf Coast, natural gas demand is forecast to soar through the decade, causing near-term supply and infrastructure constraints throughout the market. Speaking at the Gulf Coast Energy Forum in New Orleans, RBN Energy LLC’s David Braziel, director of fundamental analysis, said the…

October 16, 2023
United States Expected to Retain Top LNG Exporter Title into 2024 as Capacity Expands

United States Expected to Retain Top LNG Exporter Title into 2024 as Capacity Expands

The United States is expected to keep the title as the world’s largest LNG exporter into next year after shipping out more cargoes than any other country during the first six months of 2023. U.S. exports of liquefied natural gas averaged 11.6 Bcf/d from January to the end of July, boosted by the return of…

September 12, 2023
LNG Vessel Owners Looking Beyond Winter Spot Market to Mid-Decade Export Boom, CoolCo Says

LNG Vessel Owners Looking Beyond Winter Spot Market to Mid-Decade Export Boom, CoolCo Says

Despite a current lull in LNG prices and trading activity, shipping company Cool Co. Ltd. (CoolCo) expects the long-term focus on natural gas supply security to make independent vessel owners think twice about short-term commitments for this winter. The Bermuda-based company recently reported in a market outlook that vessel owners could have more incentive to…

May 26, 2023
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