Total feedgas tops 7 Bcf/d as powerful Hurricane Sally approaches US Gulf Coast

摘要

Feedgas deliveries to major US liquefaction terminals topped 7 Bcf/d over the most recent weekend, for the first time since May, and stayed above that threshold Sept. 14, even as Sempra Energy's Cameron LNG in Louisiana remained offline and another hurricane neared the US Gulf Coast. Despite mixed fundamentals globally, US LNG netbacks have broadly widened over the previous week as the US Henry Hub prompt month contract fell to a month-to-date low of $2.27 cents/MMBtu Sept 11 before nudging upward to $2.32 on Sept 14. Higher utilization at major liquefaction terminals, with the exception of Cameron LNG, was likely to continue in the near-term as Sally's latest track called for the storm to come ashore well east of the four Gulf Coast facilities as possibly a Category 2 hurricane. Cameron LNG shut down ahead of Hurricane Laura's landfall Aug. 27 and has remained offline because it is without power due to significant damage to transmission lines operated by utility Entergy.