A roundup of news and commentary from NGI’s LNG Insight
- Feed Gas to Corpus Christi LNG up week/week Thursday, going 920 MMcf from 635 MMcf. Cheniere Energy Inc. is likely trying to offset losses at Sabine Pass LNG, which was shuttered for Hurricane Laura. The company’s contracts easily allow it to redirect vessel loadings.
- European gas prices across the strip have been rising, with 2021 TTF up 5% to $4.78/MMBtu on Wednesday on short-term upside risks like Hurricane Laura, widening “already attractive” U.S. export arbitrage, according to Tudor, Pickering, Holt & Co.
- Schneider Electric: The curve halted gains Thursday as 2021 TTF slipped to $4.72. Maintenance in Norway has ended, lifting pipeline exports to the continent. European weather forecasts show above-average temperatures through November, which could weigh on heating demand.
- Five LNG tankers were floating in the Gulf of Mexico Thursday, up from four Wednesday due to disrupted loading operations caused by the hurricane, according to ClipperData. Ship traffic remained suspended at the Port Arthur, TX, Lake Charles, LA, and Houston Ship channels.
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