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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATGAS
Natural gas delivery flows to the US LNG export terminals are still curtailed due to maintenance at the Sabine Pass LNG export terminal. Pipeline flows are today estimated at 11.0bcf/d compared to an average of 13bcf/d seen during May according to Bloomberg.
- Planned major maintenance at Cheniere's Sabine Pass LNG terminal is part of a six-year maintenance cycle at the facility but no details have been given as to the expected duration of the maintenance activities.
- The maintenance activities entail two of the six liquefaction trains coming down basically at the same time. Each train has an LNG production capacity of about 5m mt/year.
- Planned compressor maintenance on the Creole Trail pipeline feeding Sabine Pass is also taking place in June coinciding with the plant maintenance. Maintenance on the Gillis compressor station feeding the terminal was completed on 15 June.
- Freeport LNG also saw a drop in feedgas last week due to an apparent operational issue but has mostly recovered this week.
- US Henry Hub prices have been supported by warm weather and low production so far this month and the return of the missing LNG export flows could add further upside pressure to the market.
- US Natgas JUL 23 up 1.7% at 2.68$/mmbtu
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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