The volume of long-term LNG contracts signed to end-user markets climbed to a 5-year high in 2021. 10-year LNG contracts are currently priced at ~75% above 2021’s rate. Bloomberg data Continue Reading
Top U.S. liquefied natural gas (LNG) exporter Cheniere Energy Inc (LNG.A) on Wednesday gave the financial go-ahead to an $8 billion expansion of its Corpus Christi, Texas, plant and signaled Continue Reading
Highlights Storage survey shows 70 Bcf weekly net build expected June 11-17 power burn highest for that week since 2012 NYMEX Henry Hub prompt falls to 7-week low June 21 Continue Reading
German utility EnBW Energie Baden-Wuerttemberg AG signed a long-term deal to purchase liquefied natural gas from a US exporter, becoming the latest European firm to procure American fuel in a Continue Reading
Freeport LNG has declared a force majeure on LNG exports from its Gulf Coast location until September, Bloomberg sources said on Friday. The company had reported earlier in the week Continue Reading
Highlights Russian pipeline gas supply cut in focus Outages in Atlantic basin to have knock on impact in Asia China may export cargoes as local demand stays weak Asian LNG Continue Reading
Global liquefied natural gas (LNG) buyers – especially in Europe – and some U.S. shale producers have been reeling since a June 8 blast shut Freeport LNG’s massive export terminal Continue Reading
A return to full plant operations at the Freeport LNG liquefaction plant on Quintana Island, Texas, is not expected until late 2022. Freeport LNG Development L.P. has revealed that the Continue Reading
After plunging to a 5-week-low on Tuesday, natural gas prices in the U.S. have ramped up again, gaining 4% on Wednesday on excessive temperatures expected to last through next week. Continue Reading
The extended outage is ‘significantly longer’ than the three weeks that was initially reported. Freeport LNG’s expectation that full plant operations will come back online by late 2022, and a Continue Reading
