Full operations have resumed at Freeport LNG in Texas, following outages and repairs that have been ongoing for weeks, pushing American natural gas prices lower and causing a rise in LNG prices to Europe
. According to Reuters, citing LSEG data, LNG tankers began loading this week, with one tanker having departed with cargo on Tuesday and a second docked at the terminal on Wednesday. Three other tankers are waiting offshore for their turn to load. A Freeport LNG spokesperson confirmed to Reuters on Wednesday that operations have been restored to full capacity, with natural gas usage sitting at 2.1 billion cubic feet on Wednesday. That volume is the highest in a year, Reuters said, citing LSEG.
U.S. LNG exports fell to 6.19 million metric tons in April, down from 7.61 million tons in March. Europe’s share in this volume fell from 57% in March to 52.5% in April. Freeport LNG has three natural gas-processing trains, but since January 2024, has been operating without at least one of those, which left the export plant working below 80% of its capacity. In turn, that has reduced overall LNG exports from the U.S. Full operations have now resumed earlier than some analysts had anticipated.
LNG Prices Gas Henry Hub U.S. Supply Outage
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tanker Traffic Resumes at Beleaguered Freeport LNG TerminalBeleaguered Texas-based Freeport LNG saw a second tanker leave for export on Wednesday, less than a week after the first, as the liquified natural gas plant recovers from a series of outages over the past month and a half
Read more »
U.S. LNG Exports Continue to Fall as Freeport Plant Struggles With OutagesU.S. exports of liquefied natural gas fell in April as the Freeport export facility continues to struggle with outages.
Read more »
John Swinney announces full ministerial team - see the full listJOHN Swinney has now completed the appointment of his full ministerial team after announcing his Cabinet on Wednesday.
Read more »
Approval for 'major' Highland housing scheme in green freeportPERMISSION has been given to a “major” housing development which is expected to provide affordable housing to workers at one of Scotland’s new…
Read more »
Qatar Believes The World Will Need More LNG Projects after 2030Natural gas in energy supply is not going anywhere and its demand will only rise with growth in economies and global population, which will require additional LNG projects to come online after 2030
Read more »
China Could See Record-High LNG Imports in 2024In 2024, China could import more liquefied natural gas than ever before, with demand driven by industrial and commercial sectors.
Read more »