Federal regulators have authorized partial service to start on a small stretch of the pipeline that would feed natural gas to the Golden Pass LNG export project under construction south of Port Arthur, TX. FERC approved Golden Pass Pipeline LLC’s (GPPL) request to start service on the MP 69 Compressor Station Free Flow Line. The…
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Weak LNG Volumes, Mild Weather Sink Natural Gas Futures Early
As weaker export numbers and a mild spring forecast hampered the near-term demand outlook, natural gas futures sank in early trading Monday. After eking out a modest day/day gain on Friday, the May Nymex contract was down 4.8 cents to $1.722/MMBtu at around 8:45 a.m. ET. June was off 5.1 cents to $1.978. The natural…
Mexico’s Amigo LNG Project Benefiting From U.S. Permit Pause, CEO Says
The Amigo liquefaction project planned in western Mexico has been positively impacted by the Biden administration’s pause on new U.S. LNG export permits, according to LNG Alliance CEO Mutthu Chezhian. LNG Alliance is developing the Amigo LNG project at the port of Guaymas in Sonora on Mexico’s Pacific coast. The Amigo project would include a…
EU Grants Members Option to Block Russian LNG Imports
European Union (EU) lawmakers approved new rules that would allow member countries to limit LNG imports from Russia as cargoes continue to hit Europe’s ports in record numbers. Under the new gas market regulations, countries could legally block Russian exporters from being able to bid on liquefied natural gas import or storage capacity. “We have…
Malaysia Starts Work on Third FLNG Facility to Utilize More Stranded Natural Gas
State-owned Petronas has started construction on Malaysia’s third floating LNG (FLNG) facility to better help it capitalize on stranded natural gas assets amid failing production from other fields. The design and construction of the nearshore facility “is expected to be simpler, and upon completion, has the potential for improved production uptime as it will be…
Natural Gas Futures Steady Amid LNG Weakness, Cooler Forecast Trends
Following a heavy sell-off in the previous session, natural gas futures treaded water in early trading Friday as the market continued to digest the price implications of an unexpectedly plump springtime injection. The May Nymex contract was trading at $1.766/MMBtu, up 0.2 cents, as of 8:40 a.m. ET. June was up 0.2 cents to $2.002.…
Biden Commits to Japanese Energy Security While Holding Firm on LNG Pause
As the United States moves to reassure allies that reliable LNG exports are still a priority, market analysts warn the Department of Energy’s (DOE) pause on new export permits has already opened the door for international competitors. President Biden met with Japanese Prime Minister Kishida Fumio Wednesday where, along with security and economic cooperation, the…
Freeport Again Restarts Train 3 After Unplanned Outage – Three Things to Know About the LNG Market
NO. 1: Freeport LNG Development LP said Train 3 at its export plant on the upper Texas coast tripped offline late Tuesday due to an issue with the ventilation flow meter. The train, which only recently came back online after a lengthy outage, was restarted Wednesday, according to a regulatory filing with the Texas Commission…
Louisiana Court Grants Approval for DTM to Proceed with Natural Gas Crossings in Blow to Energy Transfer
A Louisiana appeals court on Wednesday ruled that Energy Transfer LP may not block DT Midstream Inc. (DTM) from building natural gas pipeline crossings underneath its system, with one judge stating that Energy Transfer’s property rights do not extend “to the center of the earth.” In a unanimous ruling by the three-judge panel, the Louisiana…
Natural Gas Futures Pull Back as Traders Await Latest EIA Print
As traders prepared for a potential market-moving weekly inventory report, one that could provide further insight into how leaner production is affecting balances, natural gas futures pulled back early Thursday. Coming off modest gains in recent sessions, the May Nymex contract was down 5.1 cents to $1.834/MMBtu as of 8:55 a.m. ET. Estimates for the…