Negative Waha Hub Prices, LNG Bunkering, TotalEnergies: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

NATURAL GAS
Natural Gas Prices at Waha Hub Turn Negative - U.S. natural gas prices for Monday in the Permian Basin in West Texas turned negative as spring pipeline maintenance and other constraints trap gas in the nation's biggest oil-producing basin. Financial firm LSEG said average gas output in the Lower 48 U.S. states fell to 103.9 billion cubic feet per day (Bcf/dd) so far in May, down from a monthly record of 105.8 Bcf/d in April. Part of the reason for that output reduction was spring maintenance on some gas pipes, including Kinder Morgan Incorporated (Houston, Texas 2.7-Bcf/d Permian Highway from the Permian Basin in West Texas to the Texas Gulf Coast. Traders have noted the Permian Highway reduction trapped some gas in the Permian Basin, helping spot gas prices at the Waha Hub fall by more than 260% from 94 cents per million British thermal units for Friday to a six-month low of minus $1.52 for Monday. (Reuters)

LNG
First LNG Ship Bunkering Hub on Gulf Coast Secures Permits - A joint venture project developing the first marine fuel facility for liquefied natural gas (LNG) in the U.S. Gulf Coast has secured final permits, and construction is expected to begin later this year, executives involved said on Monday. U.S. LNG can be used as a marine fuel in U.S. ports and surrounding waters without export licenses needed, which is emerging as a separate market on which the project is looking to capitalize. The project received the final authorizations from the U.S. Army Corps of Engineers and the U.S. Coast Guard. The facility is located on the Texas City Ship Channel, and Galveston LNG Bunker Port (GLBP) will supply LNG by fuel barge to the expanding fleet of LNG-fueled vessels in the greater Houston-Galveston region, GLBP said. GLBP is a joint venture between Pilot LNG (Houston, Texas) and Seapath (New York, New York), a subsidiary of global business group Libra. Initial bunker deliveries are scheduled for the second half of 2027. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can learn more by viewing the project report. (Reuters)

TotalEnergies Signs LNG Purchase Agreement from Future Canada Project - TotalEnergies SE (Courbevoie, France) said in a statement on Monday it had signed an agreement with Ksi Lisims LNG (Vancouver, British Columbia) for the purchase of 2 million tons per year of LNG for 20 years from a future liquefaction plant, subject to the final investment decision of the project. TotalEnergies said that was also acquiring a 5% stake in Western LNG (Houston), the developer, shareholder, and future operator of the Ksi Lisims LNG project, a future LNG production plant with a capacity of 12 million tons per year, located on the Pacific coast of Canada. Subscribers can click here to learn more. (Reuters)

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Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).