U.S. Feed Gas Deliveries Plummet on Gulf Coast Fog — The Offtake
A roundup of news and commentary from NGI’s LNG Insight
- Wood Mackenzie said feed gas deliveries to U.S. terminals fell by nearly 730 MMcf day/day to 8.93 Bcf on Thursday based on evening cycle nominations. The declines are concentrated at Cheniere Energy Inc.’s Sabine Pass terminal, “where heavy fog has significantly affected visibility” and disrupted loadings, the consultancy said.
- “Currently, there is a high probability of fog” through Friday (Jan. 22) “and a moderate chance of fog” through Tuesday (Jan. 26), Wood Mackenzie added. NGI data also showed a steep drop in feed gas deliveries between Wednesday and Thursday, which fell from 10.18 Bcf to 9.42 Bcf.
- Bottlenecks at the Panama Canal continue to “cause headaches” for those trying to charter LNG vessels, shipbroker Fearnleys AS said. As of Thursday, there were five vessels waiting to move north and three waiting to move south through the waterway, according to Bloomberg ship-tracking data.
- The Australian government has signed heads of agreement with east coast LNG producers to guarantee more natural gas is made available to the local market. The deal with Australia Pacific LNG, Gladstone LNG and Queensland Curtis LNG will help secure competitively priced gas for the east coast, according to Prime Minister Scott Morrison’s office.
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