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 slight jog west would lead to a direct hit,” on the terminal, forecaster NatGasWeather said. Both Cameron and Sabine Pass LNG, located about 40 miles south, are monitoring the storm and making preparations.
- Cameron has slowly been resuming operations since it was shuttered Aug. 26 ahead of Hurricane Laura’s landfall, which kept the terminal offline for over a month. The SK Audace arrived at the terminal on Sunday, was loaded and departed on Monday, according to Bloomberg ship-tracking data. It was the first vessel to arrive at the facility in more than 40 days.
- Pakistan has issued tenders for six LNG cargoes, fearing a natural gas supply shortage this winter. The country plans to increase spot buying as demand rises, according to news media reports.
- European natural gas prices moved lower Tuesday as pipeline supply from Russia and North Africa hit “new yearly highs” and offset a strike among Norwegian oil and gas workers that has shut down six offshore production fields, according to Schneider Electric.
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