Sabine Pass LNG

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

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight Vessels with up to a 36-foot draft now allowed to transit Calcasieu Ship Channel (CSC) during day, allowing ballast LNG vessels to transit waterway. Fully loaded LNG vessels, with drafts of about 40 feet, unlikely to meet restrictions, but possibility remains for partially loaded ships…

October 20, 2020
Prospect of Rising Sabine Pass Volumes Boosts Natural Gas Futures Early

Prospect of Rising Sabine Pass Volumes Boosts Natural Gas Futures Early

After a steep sell-off in the previous session, natural gas futures recovered a large chunk of their recent losses in early trading Thursday on the prospect of further increases in export demand. The November Nymex contract was up 12.9 cents to $2.765/MMBtu at around 8:40 a.m. ET. Analysts at EBW Analytics Group attributed the gains…

October 15, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight Cameron LNG began controlled shutdown Thursday as Hurricane Delta headed for the Louisiana coast with landfall expected Friday. Hackberry, LA, plant started ramping back up Sept. 27 after damage caused by Hurricane Laura. A “ride-out” team will remain on site during Delta. Feed gas to…

October 8, 2020

The Offtake: LNG in Brief

A roundup of news and commentary from NGI’s LNG Insight Tropical Storm Delta has strengthened into a Category 4 hurricane and is charging toward the Gulf Coast. While it’s expected to weaken, the storm is forecast to make landfall just east of the Hackberry, LA-located Cameron LNG plant later this week, threatening additional disruptions. “A…

October 6, 2020