A roundup of news and commentary from NGI’s LNG Insight

  • ClipperData: LNG vessel Hough Gannet was berthed at Sabine Pass LNG in Louisiana on Wednesday and is “the first expected loading post Hurricane Laura.” SM Eagle was the last vessel to load at the facility on Aug. 23. 
  • U.S. feed gas deliveries jumped to 6.35 Bcf Wednesday, up from 3.14 Bcf one week ago. Sabine Pass deliveries up to 2.8 Bcf after the facility restarted Sept. 4. Cheniere Energy Inc. said Wednesday facility has “resumed normal operations.”
  • Cameron LNG is still offline after the storm. Timing of restart remains a “key unknown” for the natural gas market. While unlikely, Tuesday’s U.S. natural gas sell-off suggests the “market is pricing-in a worst-case scenario, in which power is not restored for up to two months,” delaying restart until October or November, EBW Analytics Group said. 
  • Typhoon Haishen, which hit the Korean peninsula this week, has shut down six nuclear reactors in South Korea. While that could boost gas-fired power generation and lift LNG imports, coal remains cheaper.