Posted 9/15/2023, 3:00:00 PM
Freeport LNG Facility Returns to Full Power After Brief Outage Disrupts US LNG Exports
- Freeport LNG, the second largest US LNG facility, returned to nearly full power on Friday after disruptions last week.
- Freeport took in less feedgas, averaging 0.3 Bcf/d recently, leading to canceled cargoes.
- Freeport accounts for 20% of US LNG exports. Industry analysts suspected 2 of 3 trains were idled then restarted.
- Global gas markets face challenges from rising Chinese demand, European volatility, potential Russian disruption.
- Freeport's outage increased market risk, with analysts struggling to predict pricing and balance.