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Freeport LNG Exports First Cargo From Storage Tanks

LNG

Freeport exported its first cargo on Sunday from storage tanks since the explosion and fire that the facility in June, data from S&P Global Commodity Insights showed.

  • The BP-chartered Kmarin Diamond departed the Texas facility on Sunday morning and it appeared to be at least partially laden.
  • The US Federal Energy Regulatory Commission gave greenlight on 9 Feb for Freeport to resume ship loading.
  • The full restart of the facility still requires further approvals. Significant uncertainty remained in the market about the timeline for the return of feedgas demand at the facility.
  • As of last week, Freeport hadn’t yet sought approval from US pipeline regulators – a sign that a full restart at the plant is still some time away.
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