Natural Gas News – March 9, 2023
Natural Gas News – March 9, 2023
Top U.S. LNG Exporter Sees Asia Demand Driving
Cheniere Energy expects to ship more liquefied natural gas (LNG) to Asia this year, after European customers took the lion’s share of its 2022 cargoes, an official said on Monday. The top U.S. exporter of LNG shipped a total of 638 cargoes last year, with slightly over 70% delivered to Europe, Chief Operating Officer Corey Grindal said at the CERAWeek energy conference. Cheniere last year gave the financial go ahead for an expansion of its Corpus Christi, Texas, liquefaction plant and has sought an early environmental review with federal regulators for an expansion at its Sabine Pass, Lousiana, facility, officials said. Construction of its and others LNG plants along the U.S. Gulf Coast is stressing existing gas transportation and storage infrastructure. In states including Louisiana, there is a need to continue… For more info go to https://bit.ly/3F9WlKm
US NatGas Jumps 5% On Colder Forecasts, Record Gas Flows
U.S. natural gas futures rose about 5% on Tuesday, after plunging 15% in the prior session, on forecasts for more cold weather over the next two weeks than previously expected and record gas flows to liquefied natural gas (LNG) export plants after Freeport LNG’s plant in Texas exited an outage. That price rise came despite an increase in gas output so far this month and forecasts for less demand over the next two weeks than previously expected because most of the cold is not coming until mid March. Front-month gas futures for April delivery rose 11.5 cents, or 4.5%, to settle at $2.687 per million British thermal units (mmBtu). The market has been extremely volatile in recent weeks as traders bet on the latest weather forecasts. The front-month fell to a 28-month low below $2 per mmBtu in… For more info go to https://yhoo.it/3ZMDcGo
This article is part of Daily Natural Gas Newsletter
Tagged: nat gas, natural gas news
MARKET CONDITION REPORT - DISCLAIMER
The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.
