Articles tagged Cheniere Energy

Cheniere Energy Inc. said it earned less for its LNG during the second quarter as lower global natural gas prices and smaller gains on its derivatives cut into margins.

Natural gas futures rose for a third day on Thursday after a relatively lean government storage build signaled production levels might be running lower than expected.

NO. 1: Cheniere Energy Inc. expects to produce first LNG at its Corpus Christi LNG (CCL) expansion project in South Texas by the end of this year. The company also is planning to introduce natural gas to Train 1 in two months, management said Thursday.

Optimism around the restart of the Freeport LNG terminal had natural gas markets moving higher in choppy trade through midday Tuesday.

More natural gas is flowing to a key export terminal along the Texas coast following the in-service earlier this month of WhiteWater Midstream LLC’s Agua Dulce-Corpus Christi (ADCC) pipeline.

A wave of new LNG supply that’s expected to push global natural gas prices lower later this decade is likely to spur additional investments in floating storage and regasification units (FSRU) that could ultimately help to balance any glut.

LNG remains a major driver for the U.S. natural gas industry and will play an even larger role for incremental demand. 

Having rallied sharply month-to-date, natural gas futures eased lower through midday trading Tuesday as maintenance dinged daily export demand in updated estimates. West Texas physical prices, meanwhile, were climbing out of the negatives.

North American natural gas forwards rallied across the 2024 strip during the May 2-8 trading period as sagging production readings and an incrementally supportive LNG export outlook stirred bullish optimism.

NO. 1: The Zachry Group told its hourly construction workers in an email this week not to show up at the Golden Pass LNG site in Texas until further notice.