Data shows that Europe consumed almost all US LNG exported last month.
The preliminary data of financial firm LSEG shows that U.S. LNG exports to Europe jumped by a significant amount in January, as the cold weather drove demand up and prices for super-chilled gas increased. The total exports for the month of 8.46 million metric tons (MT) to all countries reached nearly nine out of ten cargoes. According to LSEG, this is only slightly less than the monthly record of 8,6 MT set in December 2023. It's also almost the same amount as the 8.5 MT that was sold in December of 2024. LSEG data show that of the 8.46 MT in January, 7,25 MT or 86% went to Europe compared to 5.84 MT or 69% sold to Europe in December.
Freeport LNG restores Quintana Island Plant after Outage
Freeport LNG announced on Monday that its plant in Quintana, Texas has resumed full operation following an outage caused by unstable electricity from its supplier Center Point Energy last week. Last Tuesday, the third largest U.S. supplier of super-cooled gas halted its liquefaction operations after announcing that it had intermittent power outages following winter storm Enzo and would be offline until transmission conditions stabilised. Freeport is among the most closely monitored LNG export plants around the world, as the start-up or halting its operations can cause large price swings on global gas markets. The U.S.
Freeport LNG plant in Texas is on track to end outage due to increased natgas flow
Data from LSEG showed that the natural gas flow to Freeport LNG’s export facility in Texas was set to increase on Thursday, after a power outage during a winterstorm forced it to close on Tuesday. Freeport is among the most closely monitored LNG export plants around the world, as the start-up or halting its operations can cause large price swings on global gas markets. Gas prices in the U.S. typically drop when flows to Freeport decrease due to the lower demand from the export plant for the fuel. Prices in Europe tend to increase because of a reduction in LNG supplies to global markets.
Freeport LNG plant in Texas will remain closed until the power supply stabilises
Freeport LNG, a U.S. company that exports liquefied gas, said Wednesday it had closed its Texas plant on Jan. 21, due to an electrical problem caused by a winter storm. It will remain shut until the power supply is stabilized. CenterPoint Energy officials in the United States were not immediately available to comment. CenterPoint released a statement on Tuesday stating that more than 99.9% customers in the Greater Houston Area still have power and that crews continue to respond to scattered outages. PowerOutage.us tracks power outages and reported that there were approximately 16…
Six US LNG cargoes diverted to Europe by LNG traders
Analysts and shipping data indicate that traders diverted six cargoes of LNG bound for Asia into Europe in the first half of this month due to higher European prices, and weaker Asian demand. Weather forecasts indicate lower temperatures for northwest Europe. Data from analytics firm Kpler revealed that the vessels were loaded in America and initially headed for China, South Korea Thailand and Singapore. Between Jan. 8-14, the vessels changed course in the Atlantic Ocean and were destined for Europe. The diversions occur because Asian prices don't keep a sufficient premium over European prices to attract the cargoes…
US natgas flow to Freeport LNG Export Plant in Texas reduced – LSEG data
According to data provided by financial firm LSEG, the amount of natural gases flowing to Freeport LNG’s Texas export plant was on course to reach a new one-month record low on Monday. Freeport LNG has one of the highest levels of attention in the world, as the start-up and shutdown of its operation can cause huge price swings on global gas markets. U.S. Gas Futures have turned negative in part due to the reduction in Freeport, after rising about 10% earlier in session to a 2-year high. The price of gas futures in Europe at the Title Transfer Facility benchmark (TTF) was up 4%. Gas prices in the U.S.
All Freeport LNG Trains on Line Monday
All three liquefaction trains at Freeport LNG's export plant in Texas were expected to be back in service on Monday, according to preliminary data from financial firm LSEG.Freeport told environmental regulators that liquefaction Train 2 tripped while operating around midday on Nov. 22 due to an issue with a compressor system, resulting in an emissions event that lasted almost nine hours.That was the second train to shut at the plant in the past week. Liquefaction Train 3 shut on Nov. 20 due to an issue with a lube oil pump…
Freeport LNG liquefaction train at Texas export plant shuts
Freeport LNG reported to state regulators on Thursday that one of the three liquefaction train at its export plant in Texas was shut down on Wednesday. Freeport stated that Train 3 was tripped during operation due to a problem with a lube-oil pump. This caused an emissions event which lasted for more than 11 hour from Wednesday evening until early Thursday morning. The state report did not include any details about the company's plans to restart. U.S. Natural Gas Futures fell after the news. They lost half of the 8% increase that had taken prices to an all-time high earlier in the morning. Freeport is closely monitored around the globe.
Freeport LNG plant nearing full power again on Friday according to LSEG data
LSEG data revealed that the U.S. liquefied gas (LNG), company Freeport LNG, was on course to resume near-full power on Friday following an unexpected shutdown on Wednesday. Freeport is one the most watched U.S. export LNG plants in the World because of its history of changing global gas prices every time it restarts or shuts down. The Freeport outage was caused by a glitch that many thought would be temporary. Freeport announced on Wednesday that it was forced to close the plant because a fire suppression system, located in the control room for the pre-treatment facility, unexpectedly activated while performing routine maintenance.
Freeport LNG plant to resume service in Texas on Thursday, LSEG data indicates
LSEG data indicated that the U.S. liquefied gas (LNG), company Freeport LNG, was on schedule to resume service at its Texas export plant on Thursday. The facility had been shut down on Wednesday. Freeport is one the most watched U.S. export LNG plants in the World because of its history of changing global gas prices every time it restarts or shuts down. However, energy traders noted that the gas prices in other parts of the world did not change much on Wednesday, because Freeport had stated it was "actively reestablishing its operations." Traders said that this convinced the market that the outage would only last a short time.
U.S. Natgas Demand, Price Nosedive Continues
U.S. natural gas futures held near a 21-month low on Tuesday, keeping the contract on track for its second-biggest monthly drop in history, as a decline in output from this week's extreme cold offset forecasts for warmer weather and less heating demand next week than previously expected.Gas prices have been depressed for weeks due to a growing belief that the country has more than enough gas in storage for the rest of the winter and expectations that Freeport LNG's liquefied natural gas (LNG) export plant in Texas…
US Regulator to Allow Freeport LNG to Resume Partial Operations in October
The second-largest U.S. liquefied natural gas (LNG) exporter on Wednesday said it reached an agreement with a federal regulator that will allow it to resume some operations at its Quintana, Texas, plant in October.Freeport LNG shut the plant, which supplies about 20% of U.S. LNG exports, following an explosion and fire on June 8. Its closure helped to push up LNG prices in Europe and Asia, and dampening U.S. natural gas prices.The operator reached a consent agreement with the Pipeline and Hazardous Materials Safety Administration (PHMSA) that included corrective measures the company must take to allow it to resume partial operations…
U.S. LNG Exports to Europe on Track to Surpass Biden Promise
When U.S. President Joe Biden promised European leaders in March that he would help secure new supplies of liquefied natural gas to offset shortages from Russia’s invasion of Ukraine, his pledge was greeted with skepticism.After all, the U.S. LNG industry was already hitting its export limits and the global market is dominated by long-term contracts that can dictate where exported gas would go for 20years at a time.It turns out, however, that Biden's promise may have been far too modest.The United States is on track to blow past Biden’s March commitment of an additional 15 billion cubic meters of LNG for Europe this year…
US Becomes Top LNG Exporter in First Half of 2022 -EIA
The United States became the top liquefied natural gas (LNG) exporter in the first half of 2022, the Energy Information Administration (EIA) said, citing data from CEDIGAZ, as the country increased supply to Europe amid the Ukraine crisis.U.S. LNG exports rose 12% to average 11.2 billion cubic feet per day (bcfd) in the first half of the year compared with the second half of 2021, the EIA said. Increased LNG export capacity, higher prices, and demand, particularly from Europe, helped boost exports.LNG exports have been growing dramatically over the last several years as countries worldwide seek to diversify away from dirtier coal plants.
Freeport LNG Targets Year End for Full Operations After Fire
Freeport LNG, one of the largest operators of liquefied natural gas export plants in the United States,on Tuesday said last week's fire damage to its Texas plant would keep it fully offline until September with only partial operation through to the year end.Natural gas prices slumped in the United States and soared in Europe on the lengthier shutdown as the Quintana, Texas, facility produces roughly 20% of U.S. LNG exports and has been a major supplier to Europe, which has sought to move away from Russia since its…
Freeport LNG Plant Suffers Explosion
A explosion occurred on Wednesday at the Freeport LNG liquefied natural gas plant on the Texas Gulf Coast, according to police, and prompting an evacuation of nearby residents in Quintana, Texas.The plant can process up to 2.1 billion cubic feet of natural gas per day into a supercooled liquid for export.Freeport LNG acknowledged an incident occurred around 11:40 a.m. local time with providing further details. There were no injuries and all employees had been accounted for, a company spokesperson said. There currently is no risk to the surrounding community, she added.(Reuters - Reporting by Liz Hampton and Sabrina Valle)
US LNG Exports at 20-month Low
Natural gas flows to U.S. liquefied natural gas (LNG) export plants plunged this month after falling to a 20-month low in June as coronavirus lockdowns cut global demand for the fuel.Before the pandemic slashed energy demand, U.S. producers counted on LNG exports to keep growing fast as an outlet for their record gas output. But after soaring 68% in 2019 and 53% in 2018, U.S. LNG exports were only expected to rise about 7% in 2020.Gas pipeline flows to U.S. LNG export plants dropped to an average of 3.1 billion cubic feet per day (bcfd) so far in July from a 20-month low of 4.1 bcfd in June and a record high of 8.7 bcfd in February…
KBR to Move Away from LNG, Energy Business
Engineering and construction firm KBR Inc will exit most of its liquefied natural gas (LNG) construction and other energy projects, it told investors and employees, as customers pull back on energy investments.The company will refocus on government contracts and technology businesses, Chief Executive Stuart Bradie wrote to employees on Monday. It will "no longer engage in lump sum, blue collar construction services," saying the COVID-19 pandemic accelerated the decision to leave fixed-contract energy projects.KBR held contracts for engineering and construction services for several LNG projects…
Australia Becomes World's Largest LNG Exporter
Australia has become the largest liquefied natural gas (LNG) exporter in the world. The record figure knocked Qatar out of the top spot."Australia is set to become the world’s largest liquefied natural gas (LNG) exporter this year, overtaking Qatar, with its supplies expected to reach 81 million tonnes (MT) as Ichthys LNG and Prelude FLNG increase production," Rystad Energy said.Meanwhile, Qatari exports will remain at current levels, around 77 MT. The US will increase LNG exports from about 36 MT in 2019 to 56 MT in 2020, dominating new LNG supply contributions.
Virus Lockdowns Pummel Global Gas Demand, Force LNG Output Cuts
Lockdowns to slow the coronavirus pandemic are pummelling gas demand in the world's biggest buyers of liquefied natural gas (LNG), pushing Asia's spot prices to record lows and forcing some suppliers to start cutting output. Economies worldwide have ground to a halt as virus containment measures have taken their toll, slashing gas demand for power generation, heating, cooking, vehicles and chemical manufacture. The world's biggest LNG markets - Japan, China, South Korea, and India - are all seeing a drop in demand.
