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FERC Chairman Attributes CP2 LNG Delays to Project’s Potential Emissions
Markets
Natural Gas Futures’ Rally Stalls as Golden Pass LNG Contractor Bankruptcy Spooks, Cash Tumbles
June Nymex natural gas futures’ four-day rally stalled Tuesday as news of a bankruptcy filing by a lead contractor for a major LNG project spooked the market and as fundamentals turned slightly bearish. At A Glance: June futures end 8.0 cents lower Liquefied natural gas demand worries surface Cash markets down with cooling load The…
May 21, 2024Natural Gas Prices
End-Users, Suppliers Agree: Mexico Needs Domestic Natural Gas Price Indexes
Mexico needs to develop its own natural gas prices, industry participants said at a recent conference. Frisa Steel’s supply and procurement director Norma Rodriguez said “as a buyer it would be very useful to have a local index.” Frisa’s steel business in northern Mexico is expanding, including a new plant being built in García, Nuevo…
May 21, 2024Markets
Natural Gas Futures Breaking Win Streak on Golden Pass Concerns — MidDay Market Snapshot
Abruptly pausing what had been a relentless march higher in recent weeks, natural gas futures were pulling back through midday trading Tuesday after a contractor working on the Golden Pass LNG terminal filed for bankruptcy, fueling concerns over the export demand outlook. Meanwhile, pipeline congestion was keeping Southeast cash prices elevated. Here’s the latest: June…
May 21, 2024Infrastructure
Golden Pass LNG EPC Firm Exiting Project, Files Bankruptcy
Zachry Group, one of the construction firms working on the Golden Pass LNG terminal, disclosed it will eventually exit the project and has filed for bankruptcy amid reported financial and labor issues. The San Antonio-based engineering, procurement and construction (EPC) firm is the lead contractor in charge of staffing construction activities for the 18 million…
May 21, 2024Trending News
Natural Gas Prices
