Natural Gas News – September 26, 2023
Natural Gas News – September 26, 2023
US natgas futures settle steady; demand healthy but LNG flows drop
U.S. natural gas futures settled steady on Monday, as less gas flowing to the nation’s liquefied natural gas (LNG) export plants offset support from healthy demand projections. Front-month gas futures NGc1 for October delivery on the New York Mercantile Exchange settled little changed at $2.639 per million British thermal units. Reduced flows from LNG feed due to maintenance were offset by some overall elevated domestic natural gas consumption, said Gary Cunningham, director of market research at Tradition Energy. Berkshire Hathaway Energy’s 0.8-bcfd Cove Point in Maryland was shut for annual maintenance. Meteorologists forecast the weather in the Lower 48 states would remain warmer than usual for the next 15 days. Total Degree Days, the number of degrees a day’s average temperature is above or below 65 degrees Fa… For more info go to https://shorturl.at/ghHWZ
Mexico’s first LNG plant to receive final piece in days
The last major piece of infrastructure needed to start production at Mexico’s first floating liquefied natural gas (LNG) plant is set to depart from a Texas shipyard next week, the U.S. Coast Guard said in a notice to shippers. LNG developer New Fortress Energy is planning to begin production at the 1.4-million-tons-per-year floating plant off the coast of Altamira, Mexico, in the coming weeks. The company had in August said the first cargo from the project should depart in October. The first of three rigs that will compose the floating LNG facility arrived in Mexican waters in late August. The second departed last week from Kiewit Offshore Services’ Ingleside, Texas, shipyard, according to the Coast Guard. New Fortress did not immediately reply to a request for comment. Altamira’s first L… For more info go to https://shorturl.at/dfsGH
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