Freeport LNG Announces Fix-it Work 90% Done, Restart in Mid-Dec
The Freeport LNG facility, which has been out of commission since early June, has once again changed the target date it will restart. According to Freeport officials, the export facility will restart incoming gas flows to the plant in mid-December. That is, provided Freeport gains permission from the U.S. Dept. of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) to do so. In an announcement issued Friday, Freeport said full production of 2 Bcf/d (billion cubic feet per day) of incoming gas won’t happen until January 2023, and using both docks for cargo vessels won’t happen until March 2023. Net net: Freeport won’t return to full, 100% service until next spring.
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In March of this year, the three Democrats who occupy and control the Federal Energy Regulatory Commission (FERC) sent a loud and clear signal they don’t like the Commonwealth LNG plan to erect a new LNG export plant in Cameron Parish, La. due to concerns over so-called environmental justice (see 
The Freeport LNG export facility, located in Quintana Island, Texas (near Houston), experienced an explosion and fire in early June (see 
An interesting episode on Friday illustrates the power of social media and fake news. The NYMEX natural gas futures price for the “front month” December contract plunged as much as 7.4% on Friday morning after someone identifying themselves as a commodities trader posted on Twitter that “cracked pipes” were discovered at the Freeport LNG terminal, potentially delaying the company’s plans to restart exports. Interest in the tweet took off after being shared by another Twitter user that is widely followed by gas traders and analysts.
Bloomberg is reporting that “sources” are chattering that Dominion Energy, the majority owner of Cove Point, Maryland, LNG export facility with a 50% stake in the plant, is considering selling its stake. In July 2020, Dominion sold its natural gas pipeline business along with a 25% stake in Cove Point to Warren Buffett’s Berkshire Hathway (see 
In June, seemingly out of nowhere, a plan to build an LNG export facility on the banks of the Delaware River south of Philadelphia made big headlines in Philly (see 
The Freeport LNG export facility experienced an explosion and fire in early June (see 
Late last week, both the Federal Energy Regulatory Commission (FERC) and the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) held a conference call with Freeport LNG to discuss progress being made in restoring the 2.1 Bcf/d LNG export facility back to full working order. Freeport experienced an explosion and fire in early June (see 
Cheniere Energy, the largest LNG exporter in the U.S., recently made a major error in judgment and a misstep that threatens the company, in our humble opinion. Cheniere, via its Sabine Pass and Corpus Christi LNG facilities, exports more than 50% of all U.S. LNG exports, and more than 10% of all LNG exports worldwide. In fact, only the country of Qatar (Qatar Petroleum) exports more LNG than does Cheniere Energy. Last week Cheniere announced it has voluntarily joined the Oil and Gas Methane Partnership (OGMP) 2.0, a United Nations Environment Programme’s (UNEP) oil and gas methane emissions reporting and mitigation initiative. This is bad news.
Natural gas prices in North America hit record highs in 2022. In fact, prices quadrupled from what they were before the onset of the pandemic in March 2020. Winter is the time of year when we use the most natural gas–both for heating and to power electric generation. The question arises, what will prices do this winter with an increase in demand? A McKinsey & Company analyst answers that question. He says three key factors could *decrease* natural gas prices in North America in the short term (i.e., this winter). What are those three factors?
Today we bring you a guest post from MDN friend Garland Thompson, a gifted reporter/writer who covers energy and technology issues for US Black Engineer & Information Technology magazine, the Philadelphia Tribune, and other periodicals. State Sen. Gene Yaw will host a hearing in Philadelphia on Thursday to explore LNG, its role on the world stage, and the potential role Philly can play in providing it. Using the upcoming hearing as a jumping-off point, in this post, Garland connects the dots between proposed House Bill 2458 (see 
As part of its third quarter 2022 update, Kinder Morgan (KM) CEO Richard Kinder said his company is bullish on U.S. LNG exports. Kinder said he expects (predicts) U.S. LNG exports will more than double, from the current 11 billion cubic feet per day (Bcf/d) to 28 Bcf/d by 2030–less than eight years away. KM flows around 50% of all the molecules that get exported as LNG from this country, so Kinder should know a thing or two about the LNG market.
In June, seemingly out of nowhere, a plan to build an LNG export facility on the banks of the Delaware River south of Philadelphia made big headlines in Philly (see 