Natural gas flows to Freeport LNG's export plant in Texas fell close to zero on Sunday as Hurricane Beryl roared towards the Texas coast
Natural gas flows to Freeport LNG's export plant in Texas fell close to zero on Sunday as Hurricane Beryl roared towards the Texas coast, with flow volumes expected to remain that way on Monday according to data from financial firm
. One of the most important LNG export plants in the U.S., Freeport is closely watched thanks to a history of swaying global gas prices whenever it shuts down. 'We have safely ramped down production at our liquefaction facility and intend to resume operations once it is safe to do so after this weather event,' officials at Freeport LNG told Reuters over the weekend. With a capacity to handle 2.
data showed that feedgas to the facility averaged around 1.7 Bcf/d from June 30 to July 6. Natural gas prices have, however, remained little changed on Monday’s trading with other LNG export plants located near where Beryl made landfall expected to pull in gas on Monday coupled with news that Beryl has passed Corpus Christi with minimal impact. Sabine is expected to receive 4.3 Bcf/d of feedgas on Monday, Corpus Christi at and Cameron LNG in Louisiana are expected to receive 2.3 Bcf/d and 1.
LNG Prices Gas Henry Hub U.S. Beryl Hurricane
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