Weekly Industry Roundup

USLNG Industry and Select No. American Natural Gas Industry Developments Jan. 07-13, 2023

Freeport: Cancels Shipments, Raising Questions on Restart (Bloomberg)
Jan. 13: Freeport LNG has canceled some upcoming shipments, adding to the uncertainty over when it will resume shipments… At least two cargoes scheduled to load at the end of Jan. and in early Feb. have been canceled, according to traders with knowledge of the matter. The facility, shut since June, was scheduled to restart the second half of this month. Freeport declined to comment. Link to Content

Frackers Flush with Cash Shed Huge Debt Loads (WSJ)
Benoît Morenne (Jan. 11): The U.S. shale industry’s balance sheet is finally getting out of the red. After carrying enormous debt loads for more than a decade, frackers have paid down billions of dollars in debt since the start of the coronavirus pandemic, capitalizing on higher commodity prices and sticking to austerity pledges. Between Q3 2019 and Q3 2022, the 10 largest independent oil and gas producers by market capitalization had collectively sloughed off total debt by roughly 17%, down to $84 billion, according to FactSet. Link to Content