Storm Bertha builds up
A tropical depression that could strengthen into Tropical Storm Bertha is increasing the risk of temporary LNG shipping and offshore logistics delays, according to NGI. The system is being monitored closely, with any disruptions hoped to be limited and short-lived.
Freeport LNG to reschedule cargoes as domestic demand soars
Freeport LNG Development, majority-owned by founder and CEO Michael Smith, has ramped down operations in the wake of Winter Storm Uri and is considering rescheduling cargoes to long-term buyers to accommodate a spike in US gas demand since the onset of this week’s massive winter storm.
Freeze-offs following winter storm Fern impact US LNG exports
As of January 25, the ‘monster winter storm’ Fern has severely impacted feedgas supply for US LNG exports, with restrictions on the Creole Trail pipeline reducing flows to Sabine Pass terminal. Freeport LNG might also go offline as ice is accumulating along its feedgas corridor.
Henry Hub rallies on tighter GOM balances in wake of storm Helene
November gas future contract at Henry Hub soared to $2.932/MMBtu after hurricane Helene made landfall with a windspeed of 140mph in Florida’s Big Bend region. Though LNG infrastructure was not impacted, offshore gas production in the US Gulf of Mexico (GOM) fell by nearly 10 bcf as developers took precautions.
