Updated Aug 22, 2024
8/22/24
Permian Basin benchmark Waha cash prices, mired in a protracted slump amid limited natural gas takeaway capacity and a supply glut, may see the summer come and go without relief. But a massive new pipeline is slated to enter service this fall, promising to free up an abundance of associated gas and ease pricing pressure.
After some delays and mixed signals from its vessel, New Fortress Energy Inc. (NFE) has confirmed the first shipment of U.S. natural gas liquefied in Mexico has been loaded and is on the water.
Weekly natural gas cash prices sank as former Hurricane Debby curbed demand in the East and West Texas prices sank deeper into the negative.
The first cargo of Texas natural gas liquefied in Mexico could be heading from the east coast to an import terminal on the country’s isolated Pacific Coast by mid-August, according to New Fortress Energy Inc. (NFE).
Feed gas nominations to the Freeport LNG Development LP facility were revised down Wednesday and Gulf South Pipeline Co. LLC issued a failure to take notice, indicating the facility may have experienced another operational issue, according to Wood Mackenzie pipeline data.
Global natural gas benchmarks relaxed once again as cargoes from Freeport LNG Development LP returned to the market and the pace of worldwide imports of the super-chilled fuel heated up along with the temperatures.
New Fortress Energy Inc. (NFE) has reportedly achieved first LNG at its export terminal offshore of Altamira, indicating it could be close to loading Mexico’s first export cargo.
The Biden administration’s pause on new approvals for LNG exports to non-free trade agreement (FTA) countries is casting doubt over the future of liquefaction projects in Mexico that would rely on U.S. feed gas.
New Fortress Energy Inc. (NFE) said the work necessary to begin operations at its LNG unit offshore Altamira, Mexico, is nearly complete with first production seen within two weeks.
New Fortress Energy Inc. (NFE) expects its floating LNG (FLNG) platform offshore Altamira, Mexico to produce first volumes later this month after experiencing a mechanical issue in April.