- Gas trades lower ahead of the storage data
- Prompt gas was 3.4c lower to $2.078/MMBtu (As of 7:46 AM)
- Winter ‘24/’25 strip is down 1.1c to $3.135 and the Summer ’25 strip is down 0.1c to $3.097
- Today’s European Ensemble shows a significant drop in Lower 48 temperatures by -5.7 F, with cooler temps across nearly all regions and the lowest temps expected this weekend, returning to near-normal by late next week (Criterion)
- EnLink Sets Sights on September for Matterhorn, Secures FID for JISH Storage Expansion (Criterion)
- EnLink expects the 2.5 Bcf/d Matterhorn Natural Gas Pipeline to be operational by September, a slight delay from the original plan for late August
- The company made FID on the Jefferson Island Storage & Hub expansion, with an 8 Bcf working gas storage development, aiming for Stage 1 completion by 2028
- EnLink's Louisiana expansion involves a three-phase approach, including renewing contracts, developing the "Henry Hub to the River" project to add 210 MMcf/d capacity by 4Q25, and larger return projects like the JISH expansion
- NextDecade Faces Setback but Pushes Forward with Rio Grande LNG (Criterion)
- NextDecade acknowledges the U.S. Court of Appeals vacating FERC authorization for the Rio Grande LNG Facility but continues construction on Trains 1-3 while assessing the impact on Train 4's FID timing
- Despite the setback, NextDecade secured a Train 4 EPC agreement with Bechtel on August 6, aiming for a FID in the 2H 2024
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