Natural Gas News – March 30, 2023

Natural Gas News – March 30, 2023

US NatGas Flows To Freeport LNG Export Plant In Texas Rise – Refinitiv

The amount of natural gas flowing to U.S. liquefied natural gas (LNG) company Freeport LNG’s export plant in Texas was on track to hit its highest on Wednesday since shutting in June 2022, according to data provider Refinitiv. The plant has been slowly pulling in more feedgas since it exited an eight-month outage in February. Gas flows to Freeport LNG were on track to rise to 1.8 billion cubic feet per day (bcfd) on Wednesday, up from 1.6 bcfd on Tuesday. Energy traders said gas flows at that level likely signal Freeport LNG started the third of three liquefaction trains at the plant. Liquefaction trains turn gas into LNG for export. Freeport LNG had no comment on the increase in gas flows to the plant. When operating at full power, Freeport LNG can turn about 2.1 bcfd of gas into LNG. One billion cubic feet of gas… For more info go to https://yhoo.it/3ZvaLMC

U.S. LNG Exports Rose 9% In 2022

U.S. exports of LNG rose 9% last year, driven by strong demand in Europe, high international gas prices and growing liquefaction capacity in the U.S. Europe was the largest importer of LNG from the U.S. and saw its volumes climb 141%, or 4.0 Bcf/d, from 2021, a recent report shows. The U.S. exported an average of 10.6 Bcf/d in 2022, according to the latest Natural Gas Monthly from the U.S. Energy Information Administration. U.S. LNG exports to Europe, which includes the European Union plus the United Kingdom, rose in response to natural gas supply challenges in Europe after Russia’s pipeline exports fell to 40-year lows, which pushed prices for natural gas in Europe higher than other trading hubs.… For more info go to https://bit.ly/3KllkgX