Freeport restart boosts US LNG exports
The outage highlighted the tightness of the global LNG market, and its return should help keep a lid on prices
The Freeport LNG export terminal on the US Gulf Coast is back online after about eight months. The plant, where operations were suspended following a fire in June 2022, is receiving feedgas again and has seen the return of tankers ready to load cargoes. Freeport’s restart will be gradual, with consultancy Rystad Energy anticipating that all three liquefaction trains will be back online in March and that the plant will have ramped up to full operations by early April. The facility has the capacity to produce 15mn t/yr of LNG, and as this represents more than 20pc of US export capacity, its return to service is significant. It comes as the US continues to supply more LNG to Europe, which is se
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields