The US natural gas market was mixed as Hurricane Irma approached Florida where natural gas-fired power stations are crucial and as six LNG carriers waited offshore the Sabine Pass LNG export plant in Louisiana to lift cargoes following Gulf Coast shipping disruptions caused by Hurricane Harvey a week ago.

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US Gulf of Mexico offshore natural gas output rebounded almost a week after the Harvey hurricane and storms hit the Texas Gulf Coast and the Houston area, while LNG carriers waited offshore to resume regular shipments from the Sabine Pass export plant in Louisiana.

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US Natural gas production and oil shutdowns are persisting in the US Gulf of Mexico as well as onshore Texas as the remnants of the tropical storm moved over East Texas and southwest Louisiana, another major downstream region.

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US liquefied natural gas exports were flat compared with the previous week as three vessels carrying a combined 11.0 billion cubic feet departed from the Sabine Pass LNG export plant in Louisiana, with one vessel lifting a cargo and leaving for Asia 48 hours before Hurricane Harvey approached a landfall on the central Texas Gulf Coast.

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US liquefied natural gas exports decreased during the past week as the approach of Tropical Storm Cindy was given as a shipping alert and was making a landfall near Cheniere Energy’s Sabine Pass LNG export plant in Louisiana.

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Friday, 02 September 2016 04:26

US natural gas higher

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Sept 2 (LNGJ) - The tropical storm and hurricane season in the Gulf of Mexico led to evacuations of personnel from offshore platforms and declines in US Gulf Coast natural gas production in the past week. It has also sent spot natural gas prices higher, with the benchmark Henry Hub price last at $2.92 per million British thermal units. Several producers, including Shell, BHP Billiton, Anadarko and BP evacuated personnel from offshore facilities as a precaution during the latest severe weather. The latest tropical disturbance is known as Hurricane Hermine and came ashore in the state of Florida on September 2.

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