Sabine Pass LNG

Cheniere Cleared to Introduce Feed Gas at Sabine Pass Expansion

Cheniere Cleared to Introduce Feed Gas at Sabine Pass Expansion

Cheniere Energy Inc. has received permission from federal regulators to introduce feed gas to the sixth train at its Sabine Pass liquefied natural gas (LNG) terminal in Louisiana, raising the likelihood that U.S. exports will increase further by year’s end.  The Federal Energy Regulatory Commission granted Cheniere’s Sept. 15 request to introduce feed gas for…

September 24, 2021
Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Natural Gas Futures, Cash Prices Fall as Ida Slashes Demand; Storm Tees Up ‘Tame September’

Though still early for a full assessment of former Hurricane Ida, natural gas futures traders on Monday focused squarely on the destruction of natural gas demand brought about by the catastrophic Category 4 storm. The October Nymex gas futures contract, on its first day in the prompt position, settled at $4.305, off 8.3 cents from…

August 30, 2021
Natural Gas Futures Start Week with Big Rally After Volatile Session; Cash Strengthens

Natural Gas Futures Start Week with Big Rally After Volatile Session; Cash Strengthens

Big fluctuations continued along the Nymex natural gas futures curve early Monday as traders wrestled with hotter shifts in the latest weather models and a step up in production. The September contract, which rolls off the board later this week, settled at $3.945, up 9.4 cents on the day. October also picked up 9.4 cents…

August 23, 2021
Cheniere Sees Record LNG Exports, but Commodity Price Exposure Leads to Losses

Cheniere Sees Record LNG Exports, but Commodity Price Exposure Leads to Losses

Cheniere Energy Inc. reported record liquefied natural gas (LNG) exports from its terminals in Louisiana and Texas during the second quarter, when demand surpassed expectations as the global market tightened further.  The largest U.S. gas exporter loaded 139 cargoes, or 496 TBtu of LNG, in the second quarter. Results shattered a previous record of 133…

August 5, 2021
European, Asian Natural Gas Prices See Another Week of Gains as Fundamentals Unchanged — LNG Recap

European, Asian Natural Gas Prices See Another Week of Gains as Fundamentals Unchanged — LNG Recap

Natural gas prices in Europe and Asia pressed higher last week, topping multi-month highs and continuing a bull run that has persisted for much of the spring.  In Europe, prompt prices notched their third straight week of gains. The Title Transfer Facility contract broke through $9.00/MMBtu and closed well beyond that mark most of the…

May 17, 2021
Natural Gas Futures Rise as Analysts See ‘Strong Setup’ in EIA South Central

Natural Gas Futures Rise as Analysts See ‘Strong Setup’ in EIA South Central

With the latest government inventory data showing Lower 48 stockpiles falling further behind historical norms, natural gas futures climbed a couple cents higher in early trading Friday. The June Nymex contract was up 2.3 cents to $2.996/MMBtu at around 8:45 a.m. ET. The Energy Information Administration (EIA) on Thursday reported an injection of 71 Bcf…

May 14, 2021
Cheniere Sees Sabine Pass Train 6 Ramping Up by End of Year

Cheniere Sees Sabine Pass Train 6 Ramping Up by End of Year

Cheniere Energy Inc. CEO Jack Fusco expects the sixth train at the Sabine Pass liquefied natural gas (LNG) export facility in Louisiana to start up by the end of 2021. Construction on Train 6, Cheniere’s ninth overall between Sabine Pass and the Corpus Christi facility in South Texas, is about a year ahead of schedule…

March 2, 2021
U.S. LNG Exports Bouncing Back as Weather Finally Shifts Along Gulf Coast

U.S. LNG Exports Bouncing Back as Weather Finally Shifts Along Gulf Coast

U.S. liquefied natural gas (LNG) exports were slowly recovering Friday, but the impacts of brutal cold along the Gulf Coast that nearly halted shipments altogether were lingering.  Eighteen empty LNG vessels were floating in the Gulf of Mexico Friday, up from 12 on Thursday, Kpler economist Reid I’Anson told NGI. Another two tankers were diverted…

February 19, 2021
Lack of Cold Keeps Pressure on Natural Gas Futures as LNG Volumes Seen Dropping

Lack of Cold Keeps Pressure on Natural Gas Futures as LNG Volumes Seen Dropping

Continued warmth in the latest forecasts, combined with a drop in export volumes, sent natural gas futures several cents lower in early trading Thursday. The February Nymex contract was down 5.0 cents to $2.489/MMBtu at around 8:45 a.m. ET. The updated forecast from Bespoke Weather Services early Thursday showed small changes versus 24 hours earlier.…

January 21, 2021
Natural Gas Futures Pare Losses Early as Traders Look Ahead to EIA Data

Natural Gas Futures Pare Losses Early as Traders Look Ahead to EIA Data

As traders awaited the latest government inventory data to help gauge the supply/demand balance, a small increase in weather-driven demand expectations helped natural gas futures cut into the previous session’s losses in early trading Friday.  After dipping 5.5 cents Thursday, the December Nymex contract was up 4.5 cents to $3.021/MMBtu at around 8:45 a.m. ET…

November 13, 2020
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