natural gas exports

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…

Top Mexican officials were in Texas this week laying out their new strategy for natural gas. Speaking on Wednesday at LDC Forums’ annual US-Mexico Natural Gas Forum in San Antonio, CFEnergía head Miguel Reyes said Mexican utility Comisión Federal de Electricidad (CFE) and international firms would now work together to solve natural gas problems. CFEnergía…

Natural gas midstream giant Williams has reached a tentative agreement with Sempra Infrastructure to buy 3 million metric tons/year (mmty) of LNG and develop pipeline projects to feed growing exports from the Gulf Coast.  The companies signed a non-binding heads of agreement (HOA) to negotiate the terms of two 20-year agreements for Williams to purchase…

Mexico has big plans to become an LNG export powerhouse, but it might not have the pipelines or available capacity to do so, according to experts. “Is there enough capacity and pipelines to support these projects? I don’t think so,” said the head of the Gadex consultancy, Eduardo Prud’homme, on Monday at the LDC Gas…

Construction of the 3 million metric tons/year (mmty) first phase of Sempra Infrastructure’s Energia Costa Azul (ECA) LNG export project in Baja California, Mexico, is progressing, but could be several months behind schedule because of delays, according to management of parent company Sempra. “We recently began erecting the first structural steel onsite,” Sempra Infrastructure CEO…

Natural gas futures finished a volatile week on a high note, with the December Nymex contract jumping 42.5 cents day/day and settling at $6.400/MMBtu. January gained 42.4 cents to $6.754. Traders shrugged off a stout storage report and focused anew on approaching winter weather and long-term global demand. At A Glance: Domestic weather outlook shifts…

Natural gas futures prices bumped up and down this week as winter weather teased its approach. On Thursday, the December New York Mercantile Exchange futures contract settled at $5.975/MMBtu, down 29.3 cents day/day. January lost 25.9 cents to $6.330. Cash prices meanwhile have remained extremely attractive for buyers in Mexico’s spot market. NGI’s U.S. Spot…

New Fortress Energy Inc. (NFE) said it has finalized a series of LNG agreements with Mexican state electricity firm Comisión Federal de Electricidad (CFE). The companies are developing a floating liquefied natural gas (FLNG) export hub off the coast Altamira en Tamaulipas state. NFE has committed to deploy multiple FLNG units with regasification capacity of…

The December natural gas futures contract on Friday floundered in its first session as the prompt month amid light demand, strong production and forecasts for plump storage injections. At A Glance: Production holds strong Weather demand wanes Storage levels strengthen December Nymex gas futures settled at $5.684, down 19.1 cents day/day. January fell 18.3 cents…