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Freeport LNG provided an update yesterday to inform the public about what happened at its export facility just south of Galveston, Texas, situated on the Gulf Coast. Freeport said an "incident" occurred in pipe racks that support the transfer of LNG from the facility's LNG storage tank area to the terminal's dock facilities located on
Although the NYMEX price for natural gas took a plunge yesterday due to news that the country's second-largest LNG export facility, Freeport, is offline for three weeks (see today's lead story), the price of physically traded "day-ahead" natural gas (the spot price) in the Marcellus/Utica region continues to soar. In May, the average price of
Each month the U.S. Energy Information Administration (EIA) issues a monthly Short-Term Energy Outlook (STEO). Last month, in May, the STEO made the startling prediction that the average Henry Hub price for natural gas (the national benchmark) would hit $8.13 for 3Q22 and $8.59 for the entire second half of this year (see Latest Monthly
In what is being called an "explosive" trading session yesterday, the price for the front-month NYMEX contract (July) spiked up 80 cents in a single day to close at $9.32/MMBtu--the highest level in over 13 years. The August NYMEX contract closed at one penny less, $9.31/MMBtu. The weather seems to be the main reason for
RBN Energy's own Rusty Braziel (the R and the B in RBN) is back with another powerhouse post on the RBN blog site. This one is about the market for ethane. For those new to MDN, ethane is one of the primary NGLs (natural gas liquids) that comes out of the ground along with oil