FERC Allows Freeport To Increase Production To Max Capacity

Reuters reporting that the US Federal Energy Regulatory Commission has approved Freeport LNG to increase production to maximum capacity.

• The MNI Commodities team provides additional analysis in today's weekly newsletter: MNI Commodities Weekly
• MNI: "US front month Henry Hub natural gas is unchanged from the start of last week having traded in a wide 2.5$/mmbtu to 3$/mmbtu range. The partial return of Freeport LNG has supported prices but uncertainty remains over the timing of the full restart."
• MNI: "US regulators sent another list of questions seeking information to Freeport LNG on Monday, as they evaluate its request to restart full commercial operations. Vessel tracking has shown a handful of partial cargoes leaving the facility, while a first full cargo is understood to have left last week. Feedgas deliveries to the facility are up to around two thirds of capacity at around 1.4bcf/d - reflecting supply to two liquefaction trains."