A roundup of news and commentary from NGI’s LNG Insight
- U.S. Army Corps of Engineers: Oil rig obstructing Calcasieu Ship Channel (CSC) has been removed. Removal of sunken recreational boat is in process. Plans for removing rock barge that sank should be finalized over the weekend. Objects are restricting tankers from loading at Cameron LNG in Louisiana.
- “Given the current rate of liquefaction, Cameron LNG will need to shut down or decrease operations significantly over the weekend in order to not reach local LNG tank capacity,” said Genscape Inc. of the CSC work’s impact on the terminal.
- U.S. feed gas deliveries increased Friday after Natural Gas Pipeline Company of America (NGPL) lifted a force majeure because of Hurricane Delta. NGPL is one of three pipes that feeds Sabine Pass LNG in Louisiana. Flows on the line ramped from zero on Thursday to 336.3 MMcf Friday.
- Japan Korea Marker spot prices hit an 11-month high this week, nearing $6.00/MMBtu as buying heats up ahead of the winter season.
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