Cash NatGas Price at Henry Hub Hits 21-Year Low – Blame LNG
Yesterday physical natural gas delivered at the Henry Hub trading point hit its lowest cash price in 21 years–since December 1998. Cash Henry Hub settled at $1.38/MMBtu (million BTUs, the equivalent of Mcf or thousand cubic feet). The Columbia Gulf mainline trading hub (in Louisiana) plunged to $1.285/MMBtu. Right here in the Marcellus, the Transco Zone 4 price fell to $1.36/MMBtu. They all hit their lowest settlement levels since 1998. Why? Blame it on LNG.
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The ne’er-do-wells from Big Green groups including THE Delaware Riverkeeper, Sierra Club, Food & Water Watch and a mish-mash of other loudmouths are attempting to bully the Delaware River Basin Commission (DRBC) into overturning their previous decision to allow a simple ship dock to get built along the shore of the Delaware River in New Jersey so ships can load LNG already liquefied and waiting. Given the DRBC’s weak leadership, we wonder if the DRBC will (again) cave to the demands of the radicals.
In early May MDN reported Elba Island LNG, a Marcellus Shale gas export facility located near Savannah, Georgia, was in the process of firing up train #8 of the 10 mini-trains being built (see 
Going back a year (beginning June 2019) MDN has brought you news about Edge Gathering Virtual Pipelines 2 LLC (EDGE), a company that deploys special LNG units to remote Marcellus wells in PA, converting gas from the well into LNG and selling that gas (
Two weeks ago MDN told you that PricewaterhouseCoopers (PWC), which had been hired to liquidate the assets of Australian company LNG Limited (LNGL), had found a second buyer for the Magnolia LNG export project for $2 million (see 
The world of LNG is sometimes a strange world for us. NGI (Natural Gas Intelligence) is reporting an LNG cargo ship loaded with LNG from Nigeria is steaming toward North America. LNG cargoes are notorious for changing routes at the last minute, given the wheeling and dealing that takes place between buyers and sellers. However, the latest intel has the Nigerian LNG cargo heading for…Elba Island, Georgia? That’s right. An imported load of LNG coming to an LNG export facility. Why?
Feedgas, which is the gas that flows to LNG export facilities, hit the lowest levels it has seen since last October according to the U.S. Energy Information Administration. As we pointed out two weeks ago, natural gas prices are staying low because worldwide demand and prices for LNG is currently low (see 
Two weeks ago MDN brought you the news that consulting powerhouse PricewaterhouseCoopers (PWC), which had been hired to liquidate the assets of Australian company LNG Limited (LNGL), had found a buyer for the Magnolia LNG export project for $2.25 million (see 
It’s kind of a mystery. The supply of natural gas produced in the U.S. has been declining over the past few months. Oil drillers are laying down rigs (historic lows for rigs in the oil patch), and companies are shutting in oil wells–all of which means there’s less associated natural gas being produced. M-U drillers like EQT (the largest natgas producer in the U.S.) are curtailing huge quantities of their production (see 
Last week MDN reported about a compressor fire at the Kinder Morgan’s Elba Island LNG export facility in Georgia (see 
Pieridae Energy wants to build an LNG export plant in Nova Scotia, Canada. The project is called the Goldboro LNG project. We’ve tracked the project for years hoping Marcellus/Utica gas might one day feed it (
Just when it seemed everything was going great to get all 10 mini-trains up and running at the Elba Island, Georgia LNG export facility (owned and operated by Kinder Morgan), a compressor fire earlier this week has caused the shutdown of three functioning units along with a fourth unit in the process of commissioning.
We have some exclusive news to share about a northeast PA LNG plant project. In August 2018, New Fortress Energy announced plans to build at least one LNG liquefying plant in Wyalusing, PA (see 