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Daily Market Report – August 11, 2020

Daily Market Report – August 11, 2020

Cameron LNG Train 3 has officially been placed into commercial operation by McDermott. With the additional train, the total plant capacity is now 12 Mtpa of 1.7 Bcf/d. The pipeline nomination data has already shown the ramp up, but still not near capacity. In global...
Daily Market Report – August 10, 2020

Daily Market Report – August 10, 2020

US production was higher this weekend with the Northeast region higher by 0.5 Bcf/d relative to the past week. The average L48 production was 86.7 Bcf/d over the weekend vs. 86.3 Bcf for week ending August 7th.   US LNG deliveries also trended higher this week. From...
Weekend Market Report – August 9, 2020

Weekend Market Report – August 9, 2020

Last week on Monday, the Sept contract posted the largest single-day gain in the last year and a half. The gains continued throughout the week with a net gain of 0.456. The Sept contract closed out at 2.255.   Monday was the first trading day of August, and lots of...
Daily Market Report – August 7, 2020

Daily Market Report – August 7, 2020

Cheniere reported Q2 2020 earning yesterday.  Revenue rose 5% YoY, and net income flipped from a net loss of $114M to a net profit of $197M. The positive results all despite only 78 cargos leaving this quarter (vs 104 last year). For Q2 2020 they reported 53 cargo...
Daily Market Report – August 6, 2020

Daily Market Report – August 6, 2020

Today the EIA is set to release the storage report for week ending July 31th. Our estimate continues to remain at +29 Bcf, with most in the same range. The Bloomberg survey is currently at +30 Bcf.   Weather continues to remain volatile after the storm ripped up the...