Free Trial

US LNG: Freeport CEO says demand exceeded forecasts

US LNG
• Freeport LNG CEO and founder Michael Smith at CERAweek said on Wednesday he expects world demand for the super-cooled fuel to continue to exceed industry forecasts.
• "We've been selling every molecule we produce because demand exceeded the forecast. And I see the same thing happening right now”
• Freeport is operating below full liquification capacity though, at around 1.9 to 2 bcf ytd despite average high daily liquification of 2.1 bcfd, and even demonstrating a high of 2.3 bcfd mid-Sept 2024

81 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
• Freeport LNG CEO and founder Michael Smith at CERAweek said on Wednesday he expects world demand for the super-cooled fuel to continue to exceed industry forecasts.
• "We've been selling every molecule we produce because demand exceeded the forecast. And I see the same thing happening right now”
• Freeport is operating below full liquification capacity though, at around 1.9 to 2 bcf ytd despite average high daily liquification of 2.1 bcfd, and even demonstrating a high of 2.3 bcfd mid-Sept 2024