Articles tagged Freeport LNG Development LP

Weekly natural gas cash prices slipped lower in the week as abundant Lower 48 supply undercut support from strong cooling demand and LNG feed gas flows.

Natural gas futures closed near flat after gyrating on both sides of even Friday as a foot race between hot summer demand and rising production continued to play out in setting market balances.

NO. 1: U.S. LNG exports declined in July after a 57% drop in shipments from the Freeport liquefied natural gas terminal on the upper Texas coast, according to Kpler.

Natural gas futures found fresh footing on Tuesday, bolstered by intensifying heat and rebounding LNG activity. It marked a bullish premiere for September futures at the front of the curve.

Natural gas futures on Friday floundered for the fourth time in as many sessions, as supplies in storage remained on course to culminate the injection season at historically robust levels in spite of a hot summer.

August natural gas futures were trading lower through midday Friday as competing fundamentals and the contract’s Monday expiry juiced volatility.

Extreme temperatures and plant outages in the Pacific basin have pushed Asian spot LNG prices upward, creating more competition in the market and boosting spot shipping rates.

NO. 1: Golden Pass LNG Terminal LLC is looking to ramp up construction at the 18 million metric tons/year (mmty) capacity project after a bankruptcy court approved a deal between the project partners and Zachry Holdings Inc.

August natural gas futures were sinking through midday trading Thursday after being knocked down by a bearish weekly government storage report.

Subdued natural gas prices and lower European demand between April and June dinged Paris-based TotalEnergies SE during the second quarter.