Latest news with #CameronLNG
Yahoo
a day ago
- Business
- Yahoo
US LNG exports fall in June due to plant maintenance
By Curtis Williams HOUSTON (Reuters) -U.S. liquefied natural gas exports fell to their second lowest monthly level for the year in June, as maintenance work at some of the country's largest export facilities hurt output, according to preliminary data from financial firm LSEG. The United States, the world's top exporter of LNG, sold 8.4 million metric tons of the superchilled gas during the month, down from 8.9 MT in May and well below April's record of 9.3 MT, LSEG data showed. The reduction in LNG exports was primarily due to seasonal maintenance, including at Cheniere's 4.5 billion cubic feet per day Sabine Pass facility in Louisiana and its 2.4 bcfd Corpus Christi plant in Texas. Cameron LNG's 2.0 bcfd plant in Louisiana also underwent maintenance, and there were unplanned unit outages at Freeport LNG's 2.1-bcfd plant in Texas, according to LSEG data. Maintenance at both Sabine Pass and Cameron LNG appeared to have ended by the last week of June, with the plants producing close to capacity, according to LSEG data. EUROPE DOMINATES PURCHASES Slower economic growth in Asia due to ongoing trade wars with the U.S. continues to impact demand for LNG with a collective 16 million metric ton drop in imports during the first half of the year compared to the same months in 2024, according to Reuters data. In June, gas prices were slightly higher in Asia than in Europe with the Asian benchmark Japan Korea Marker rising to $12.90 per mmBtu, up from $11.83 in May. This compares with the European benchmark Title Transfer Facility in the Netherlands, which rose to $12.38 per mmBtu in June, from $11.68 in May. Even with a slight arbitrage favoring Asian exports, U.S. producers exported 5.53 MT or 66% of their LNG to Europe in June, below the 6.05 MT or 68% that went to Europe in May, LSEG data showed. Exports to Asia remained relatively low with 1.56 MT or 19% sold to that part of the world in June compared 1.88 MT or 21% of total exports in May, LSEG data showed. With Train 1 of LNG Canada's 14 mtpa plant exporting its first cargo on the last day of June, it is likely to compete favorably with U.S. LNG exports from the Gulf Coast due to its shorter sailing time to Asia. US EXPORTS MORE LNG CLOSER TO HOME With colder weather in some South American countries and problems securing enough domestic gas in Argentina, the U.S. stepped up its exports to Latin America with 0.81 MT or 10% of all cargoes going to the region. This compares to 0.66 MT or just over 7% in May, LSEG data shows. Argentina alone bought a combined 340,000 tons of LNG in June with the U.S. supplying one third of that, and Trinidad and Tobago supplying 230,000 tons, according to LSEG data. U.S. LNG exporters continued to show versatility with exports to Egypt, Namibia and Bahrain in June, LSEG data showed. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
a day ago
- Business
- Reuters
US LNG exports fall in June due to plant maintenance
HOUSTON, July 1 (Reuters) - U.S. liquefied natural gas exports fell to their second lowest monthly level for the year in June, as maintenance work at some of the country's largest export facilities hurt output, according to preliminary data from financial firm LSEG. The United States, the world's top exporter of LNG, sold 8.4 million metric tons of the superchilled gas during the month, down from 8.9 MT in May and well below April's record of 9.3 MT, LSEG data showed. The reduction in LNG exports was primarily due to seasonal maintenance, including at Cheniere's 4.5 billion cubic feet per day Sabine Pass facility in Louisiana and its 2.4 bcfd Corpus Christi plant in Texas. Cameron LNG's 2.0 bcfd plant in Louisiana also underwent maintenance, and there were unplanned unit outages at Freeport LNG's 2.1-bcfd plant in Texas, according to LSEG data. Maintenance at both Sabine Pass and Cameron LNG appeared to have ended by the last week of June, with the plants producing close to capacity, according to LSEG data. Slower economic growth in Asia due to ongoing trade wars with the U.S. continues to impact demand for LNG with a collective 16 million metric ton drop in imports during the first half of the year compared to the same months in 2024, according to Reuters data. In June, gas prices were slightly higher in Asia than in Europe with the Asian benchmark Japan Korea Marker rising to $12.90 per mmBtu, up from $11.83 in May. This compares with the European benchmark Title Transfer Facility in the Netherlands, which rose to $12.38 per mmBtu in June, from $11.68 in May. Even with a slight arbitrage favoring Asian exports, U.S. producers exported 5.53 MT or 66% of their LNG to Europe in June, below the 6.05 MT or 68% that went to Europe in May, LSEG data showed. Exports to Asia remained relatively low with 1.56 MT or 19% sold to that part of the world in June compared 1.88 MT or 21% of total exports in May, LSEG data showed. With Train 1 of LNG Canada's 14 mtpa plant exporting its first cargo on the last day of June, it is likely to compete favorably with U.S. LNG exports from the Gulf Coast due to its shorter sailing time to Asia. With colder weather in some South American countries and problems securing enough domestic gas in Argentina, the U.S. stepped up its exports to Latin America with 0.81 MT or 10% of all cargoes going to the region. This compares to 0.66 MT or just over 7% in May, LSEG data shows. Argentina alone bought a combined 340,000 tons of LNG in June with the U.S. supplying one third of that, and Trinidad and Tobago supplying 230,000 tons, according to LSEG data. U.S. LNG exporters continued to show versatility with exports to Egypt, Namibia and Bahrain in June, LSEG data showed.
Yahoo
12-06-2025
- Business
- Yahoo
Kodiak Gas Services (KGS): Among the Energy Stocks that Lost the Most This Week
The share price of Kodiak Gas Services, Inc. (NYSE:KGS) fell by 7.86% between June 3 and June 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A close-up of a large industrial compressor in the oil and gas industry. Kodiak Gas Services, Inc. (NYSE:KGS) is a leading provider of natural gas contract compression services in the United States, bringing efficiency and reliability to all the major basins. Kodiak Gas Services, Inc. (NYSE:KGS) has been under pressure over the last week following a drop in the price of natural gas. US natural gas futures have fallen by 7% since June 6, 2025, due to reduced gas flows to LNG export plants amid the ongoing spring maintenance. Key facilities affected include Cameron LNG and Cheniere's Sabine Pass and Corpus Christi, as well as multiple outages at Freeport LNG. Despite the recent downturn, the share price of Kodiak Gas Services, Inc. (NYSE:KGS) has surged by more than 30% over the last year. While we acknowledge the potential of KGS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None.
Yahoo
12-06-2025
- Business
- Yahoo
Kodiak Gas Services (KGS): Among the Energy Stocks that Lost the Most This Week
The share price of Kodiak Gas Services, Inc. (NYSE:KGS) fell by 7.86% between June 3 and June 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. A close-up of a large industrial compressor in the oil and gas industry. Kodiak Gas Services, Inc. (NYSE:KGS) is a leading provider of natural gas contract compression services in the United States, bringing efficiency and reliability to all the major basins. Kodiak Gas Services, Inc. (NYSE:KGS) has been under pressure over the last week following a drop in the price of natural gas. US natural gas futures have fallen by 7% since June 6, 2025, due to reduced gas flows to LNG export plants amid the ongoing spring maintenance. Key facilities affected include Cameron LNG and Cheniere's Sabine Pass and Corpus Christi, as well as multiple outages at Freeport LNG. Despite the recent downturn, the share price of Kodiak Gas Services, Inc. (NYSE:KGS) has surged by more than 30% over the last year. While we acknowledge the potential of KGS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None.
Business Recorder
12-06-2025
- Business
- Business Recorder
US natgas prices higher
NEW YORK: US natural gas futures edged up about 1% on Wednesday on forecasts for more demand this week than previously expected with an expected increase in flows to liquefied natural gas (LNG) export plants as Cameron LNG's plant in Louisiana shows signs of exiting a maintenance reduction. Gas futures for July delivery on the New York Mercantile Exchange fell 3.5 cents, or 1.0%, to $3.568 per million British thermal units. On Tuesday, the contract closed at its lowest since May 30 for a second day in a row. Prices edged up even as energy firms continue to add record amounts of gas into storage and as the cost of spot gas remains well below futures prices. So far this year, energy firms have pulled a monthly record high of 1.013 billion cubic feet (bcf) of gas out of storage during a brutally cold January and added a monthly record high of 497 bcf into storage in May when mild weather kept both heating and cooling demand low, according to federal energy data.
