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Bullboard - Stock Discussion Forum Nuvista Energy Ltd T.NVA

Alternate Symbol(s):  NUVSF

NuVista Energy Ltd. is an oil and natural gas company, which is engaged in the exploration for, and the development and production of, oil and natural gas reserves in the Western Canadian Sedimentary Basin. Its primary focus is on the scalable and repeatable condensate rich Montney formation in the Alberta Deep Basin (Wapiti Montney). Its core operating areas of Wapiti and Pipestone in the... see more

TSX:NVA - Post Discussion

Nuvista Energy Ltd > Cheniere Energy Returns Sabine Pass LNG Export Plant to Full
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Post by Carjack on Jun 30, 2023 10:33pm

Cheniere Energy Returns Sabine Pass LNG Export Plant to Full

(Reuters) — Cheniere Energy Inc.'s Sabine Pass LNG export facility returned to full production this week after undergoing maintenance, data from Refinitiv showed.

The increased production is expected to help third quarter exports of U.S. LNG which fell in May to 7.66 million tonnes from a record 8.01 million tonnes in April, as plant maintenance curbed some output.

The Louisiana-based export facility started reducing its natural gas consumption on June 1 when it fell to 3.77 billion cubic feet per day (Bcf/d) from 4.56 Bcf/d on May 31, according to data provider Refinitiv.

Cheniere was not immediately available for comment.

Sabine Pass began increasing gas consumption last weekend and on Friday was on track to pull in about 4.3 Bcf/d. That was up about 2.1 Bcf/d from its recent low on June 22.

U.S. LNG feedgas demand rebounded towards 12.7 Bcf/d over the last few days as Sabine bounced back, Tudor Pickering Holt analyst Matt Murphy wrote on Friday. Demand could rise to over 14 Bcf/d through the third quarter of 2023, he predicted.

Comment by braedenthi on Jul 01, 2023 12:13am
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