LNG

June 28 (LNGJ) - Estimated natural gas output in Texas in May was about 721.4 billion cubic feet, a year-over-year monthly decline of about 3.1 percent, according to the Texas Petro Index of the Texas Alliance of Energy Producers. Texas producers will be among the main feed-gas suppliers for LNG plants being built along the US Gulf Coast. The data also showed that Texas natural gas prices in May averaged $1.76 per thousand feet, a decline compared with the year-ago month of 37.5 percent and valuing the gas at $1.27 billion. The number of original drilling permits issued in Texas in May was 606, which was 33.8 percent fewer than the 916 permits issued in May 2015.