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

  • The Golar Seal departed Cameron LNG on Wednesday, transiting the Calcasieu Ship Channel with a draft of 35.8 feet, according to Bloomberg ship tracking data. The ship’s draft was below the 36-foot restrictions in place from a sunken rock barge in the CSC.
  • The vessel was the first to depart Cameron LNG since the SK Audace left on Oct. 5.
  • Work continues to remove the barge and a semi-submersible drilling rig grounded in the Sabine Bank Channel, which has limited traffic near Sabine Pass LNG. 
  • LNG feed gas demand was stable Thursday at 8.68 Bcf. The November Henry Hub futures contract also held, finishing at $3.007 after closing Wednesday above the $3.00 mark for the first time in nearly two years, thanks partly to rising LNG demand.