Latest news with #CameronLNG
American Press
17-07-2025
- Business
- American Press
Cameron LNG marks 1,000th cargo milestone
The Cameron LNG liquefaction export project in Hackberry, Louisiana reached full commercial operations in August 2020. The project includes the first three liquefaction trains that will enable the export of approximately 12 million tonnes per annum of LNG, or approximately 1.7 billion cubic feet per day. (Special to the American Press) Special to the American Press Cameron LNG in Hacberry today announced the successful production and export of its 1,000th cargo of liquefied natural gas, marking a significant milestone achieved just six years after its first commissioning cargo departed the facility on May 31, 2019. 'This 1,000th cargo represents the skill, determination and commitment of the Cameron LNG team,' said Art Klein, president of Cameron LNG. 'Achieving this milestone safely and reliably speaks to the strength of our core values of safety and results-based success.' The 1,000th cargo departed aboard the Maran Gas Kimolos on July 17, from the Cameron LNG liquefaction facility located near Hackberry along the Calcasieu Ship Channel. 'Reaching this milestone in just six years is a remarkable accomplishment that reflects the expertise and tireless dedication of the entire team,' said Martin Hupka, president of LNG at Sempra Infrastructure and chairman of the Cameron LNG Board. The Cameron LNG facility includes three liquefaction trains capable of exporting up to 14.95 million tonnes per annum (Mtpa), or about 772 billion cubic feet of natural gas per year. The facility began commercial operations with Train 1 in August 2019, followed by Train 2 in March 2020 and Train 3 in August 2020. Cameron LNG has delivered U.S. LNG to 37 countries worldwide. Cameron LNG is jointly owned by affiliates of Sempra Infrastructure, TotalEnergies, Mitsui & Co., Ltd., and Japan LNG Investment, a joint venture between Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha.
Yahoo
01-07-2025
- 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
01-07-2025
- 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.
