US LNG exports stagnate in July despite higher LNG price
The 'July rally' in gas prices was not able to be seized by American LNG producers as maintenance and a seasonally lower output kept export volumes virtually unchanged. According to preliminary data, U.S. liquefied gas exports fell to 10,48 million metric tonnes (MT) from 10,6 MT in the previous month. The summer is a time when exporters do maintenance because the warmer temperatures make it harder to supercool gas into liquid form. The year 2018 was no different, as plants, including the third largest export facility in the country, Freeport LNG, took the opportunity to perform maintenance.
US Natural Gas Prices Drop to Six Week Low
U.S. natural gas futures fell about 4% to a six-week low on Thursday on expectations gas flows to liquefied natural gas (LNG) export plants will remain low through late August due to planned maintenance at Freeport LNG's plant in Texas, and after the release of a federal report showing last week's storage build was much bigger than expected.Front-month gas futures for August delivery on the New York Mercantile Exchange fell 13.9 cents, or 4.3%, to $3.073 per million British thermal units (mmBtu), putting the contract…
Sources say that Freeport LNG in Texas is expected to reduce production for maintenance in the coming days.
Two sources say that Freeport LNG, a U.S. LNG supplier, is likely to reduce its output due to maintenance unplanned at the Texas facility. Sources said that the work at the third largest LNG facility in the U.S. may last until May, and this has prompted the company's cancellation of three cargoes previously scheduled. Two sources said that the shipments were to be sent to portfolio players who typically act as intermediaries and 'buy from different sources to maximize arbitrage opportunities. The unplanned outage occurs at a time of high global LNG prices, as the U.S.-Israeli War with Iran has taken about 20% supply offline.
Woodside struggles to sell LNG at Louisiana LNG plant according to sources
Two people familiar with the matter have told us that Woodside Energy, Australia's energy company, is having difficulty selling liquefied gas volumes produced by its planned Louisiana LNG export facility. This is because Woodside Energy wants liquefaction rates above current U.S. market prices. Woodside Energy, an Australian energy company, has announced so far only one long-term purchase and sale agreement for the project. It is a contract with Germany's Uniper that covers up to 2,000,000 metric tons of LNG per year.
Freeport LNG wants to tear down outdated import facilities in Texas
Freeport LNG asked U.S. regulators to allow it to demolish Texas facilities that were used to import Liquefied Natural Gas, according to regulatory filings. The U.S. used to be a major LNG importer. However, the Shale Revolution transformed the gas market in the U.S. and made it the largest LNG exporter in the world. Freeport hasn't imported LNG since 2011. Freeport LNG told the Federal Energy Regulatory Commission that "the terminal was operated exclusively to liquefy natural?gas for export and have not regasified import LNG for more than a decade.
LSEG data shows that Freeport LNG is on the way to resuming full production.
Freeport LNG in Texas will resume full production Monday after an outage Sunday, according to the company. Freeport LNG said on Monday that it was "in the process" of increasing production rates. LSEG data shows that Freeport, which is the third-largest LNG producer in the U.S.?was pulling 1.2 bcf of natural gas on Monday to be converted into LNG. The plant is capable of handling around 2 bcfd and was only using 600 million cubic foot on Sunday. The company reported on Sunday that the problem with the facility utility system caused the immediate shutdown of Trains 1, 2 and 3.
The US LNG production was cut in January by the winter freeze; imports from Trinidad filled the gap.
LSEG's preliminary data shows that exports of liquefied gas from the U.S. in January fell to 11.3 million metric tons, down from December’s record of 11.5 MT. A winter freeze in late-January shut some plants while lowering output at others. On January 26, gas flows into U.S. liquefied natural gas plants reached a record low. Freeport LNG, the country's third largest LNG exporter, was partially offline during the freezing. Kinder Morgan's Elba Island plant in Georgia, which stopped taking in feedgas in the week before the freeze, imported LNG from Trinidad and Tobago.
Prices for gas in Europe go up after US winter storm restricts LNG exports
The Dutch and British wholesale prices of gas rose slightly Tuesday morning, as the freezing weather in America continued to?curb liquefied gas exports. A winter storm in the U.S. has left more than 548, 000 homes and businesses without power. The storm is set to be the most expensive severe weather event since wildfires that ravaged the Los Angeles area in early 2025. LSEG data shows that the benchmark European gas contract (the front-month Dutch contract) at the TTF Hub reached its highest level in April of last year on Sunday, but fell below it on Tuesday morning, at 39.85 Euros per megawatt hour or $13.87/mmBtu by 1010 a.m. GMT.
Prices of EUROPE Gas are slightly higher as US cold continues a curb on LNG
The wholesale gas prices in the Netherlands and Britain rose slightly Tuesday morning, as freezing temperatures in the United States continue to limit liquefied natural gas exports. By 0931 GMT the benchmark Dutch front-month contract was 0.60 euros higher, or $14.02/mmBtu at the TTF Hub. On Monday, the price of oil reached its highest level since April of last year. The British day-ahead contract rose 3.70 pence, to 105 pence a therm. Meanwhile, the front-month contract increased by 0.22 pence, to 103.60 cents therm. The U.S. Gas Market could continue to be of concern, as the supply disruptions affect LNG exports. U.S.
US Natural Gas Futures Rise as Forecasts Predict Colder Weather
U.S. natural gas futures rose on Friday in thin-volume trading and were on track for a weekly gain, ending a two-week losing streak, as forecasts pointed to colder weather and increased demand in the weeks ahead.Front-month gas futures for January delivery on the New York Mercantile Exchange were up 4.4 cents, or 1% at $4.29 per million British thermal units. The contract was up 8.5% so far this week.Prices reached their highest level since December 11, at $4.593 in the previous session, before settling 3.8% lower for the day."There's going to be thinner volume on the holiday week…
US Natural Gas Futures Rise Alongside LNG Export Demand
U.S. natural gas futures rose 4% on Tuesday, boosted by record gas flows to liquefied natural gas export plants and forecasts for more demand than previously expected over the next two weeks.Front-month gas futures for January delivery on the New York Mercantile Exchange rose 15.3 cents, or 4%, at $4.105 per million British thermal units by 08:59 AM ET. Priced ended 0.5% lower on Monday. "The demand for LNG is very strong and they're keeping those numbers near record high. So, that's definitely supporting the market right now," said Phil Flynn, senior analyst for Price Futures Group.Average gas flows to the eight large U.S.
EUROPE GAS-European Gas Prices Rise on Colder Weather Demand
Dutch and British gas rates posted modest gains on Thursday, but it is expected that they will remain flat as the 'increased demand due to colder weather' can be easily met through pipelines and liquefied natural gas deliveries. LSEG data shows that the benchmark Dutch front-month contract was 27.57 euros per Megawatt Hour (MWh) or $9.48/mmBtu at 0907 GMT. This is an increase of 0.19 euros. The Dutch day-ahead contracts was up by 0.41 euros to 27.36 Euro/MWh. The British day-ahead price of gas was 0.90 pence higher at 71.00 pence/therm. Meanwhile, the front-month contract for gas was 0.62 pence higher at 72.90 pence/therm.
Freeport LNG Export Plant in Texas will take in more natgas data shows
Data from the financial firm LSEG revealed that U.S. liquefied gas company Freeport LNG was'set to receive more natural gas in its Texas export plant on Wednesday. This implies a resumption of service by one of three liquefaction train after it had been shut down on Tuesday. It is one of the U.S. LNG facilities that are closely monitored in the world, as changes in its operation can lead to a?price spike in global gas markets. Gas prices in the U.S. typically?decline due to lower demand from the export plant. Prices in Europe are usually higher because there is less LNG available for global markets. The futures price in the U.S.
EUROPE GAS-European gas prices rise due to a colder and less windy climate, LNG shortage
Gas prices in the Netherlands and Britain rose on Wednesday, supported by an improved weather forecast and an interruption at the Freeport Liquefied Natural Gas?plant. Storages are still 'below previous years' levels. LSEG data shows that the benchmark Dutch front-month contract was 27.50 euros per Megawatt Hour (MWh) or $9.44/mmBtu at 0941 GMT. This is an increase of 0.60 Euro. The February contract increased by 0.45 euros to 27.19 Euro/MWh. The British day-ahead gas prices increased by 1.40 pence to 70.50 pence a therm.
US Natural Gas Prices Drop 4% on Record Output
U.S. natural gas futures fell about 4% to a nine-month low on Tuesday on near-record output, ample fuel in stockpiles and forecasts for less hot weather and lower demand through early September than previously expected.Another factor weighing on gas prices was a decline in the amount of gas flowing to liquefied natural gas export plants due to small reductions at several facilities.Front-month gas futures for September delivery on the New York Mercantile Exchange fell 10.8 cents, or 3.7%, to $2.782 per million British thermal units…
Freeport LNG export facility in Texas returns to service on Monday according to LSEG data
Freeport LNG, a U.S. liquefied gas company, had its Texas export plant take on more natural gases on Monday. This was a sign the plant had recovered from an outage that occurred over the weekend. Freeport LNG is one of the most closely monitored LNG export facilities in the world, as the start and end of its operations can cause price fluctuations on global gas markets. Gas prices in the U.S. typically drop when flows to Freeport decline due to a lower demand for fuel from the export facility. Prices in Europe are usually higher due to the drop in LNG supply available from the plant to global markets.
Freeport LNG On Track to Return to Full Production
U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Thursday after a small reduction on Wednesday, a sign the plant was heading back to full power, according to gas flow data from financial firm LSEG.Officials at Freeport LNG had no comment.Freeport is one of the most closely watched LNG export plants in the world because the start and stop of its operations often cause price swings in global gas markets.When flows to Freeport drop, gas prices in the U.S. usually decline due to lower demand from the export plant for the fuel.
Sources say that the natural gas flow to Freeport LNG Export Plant in Texas has dropped Wednesday.
Two sources reported that the natural gas flow to an export facility for liquefied gas in Texas, Freeport, decreased on Wednesday. This likely led to a decrease in LNG production, they said. Freeport, the third-largest LNG export facility in the U.S., has helped to keep the U.S. as the largest exporter worldwide of supercooled gas. The start-up and shutdown of this LNG export plant can cause major price fluctuations on global gas markets. It can consume 2.2 billion cubic foot of gas each day and produce 16.3 millions metric tons of LNG per year (mtpa). Gas prices in the U.S.
US Natural Gas Prices Fall 6% in Volatile Contract Expiration Trade
U.S. natural gas futures fell about 6% on Wednesday to a one-week low in volatile contract expiration trade, pressured by an expected decline in gas flows to liquefied natural gas (LNG) export plants.Traders said Freeport LNG in Texas might reduce output and they pointed to forecasts for less demand this week than previously expected.On its last day as the front-month, gas futures for June delivery on the New York Mercantile Exchange (NYMEX) fell 19.4 cents, or 5.7%, to settle at $3.214 per million British thermal units (mmBtu)…
Freeport LNG Receives Approval to Restart Operations at Phase 3 Facilities
U.S.