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LNG Tankers Head To Freeport Terminal, Signal Reopening

LNG

LNG tankers are heading to the Freeport LNG terminal, signalling a restart of operations soon, Bloomberg data show.

  • BP-owned Kmarin Diamond and Shoei Kisen-owned Point Fortin are heading to Freeport LNG’s Texas terminal, ship tracking data compiled by Bloomberg shows.
  • Freeport is still targeting “around year end for the safe initial restart” of the liquefaction facility, pending regulatory approvals, according to Freeport spokeswoman Heather Browne.
  • Last week, analysts said the restart of the terminal is likely to be delayed until 1Q23 “due to continued delays for attaining the necessary operational and regulatory approvals, we now anticipate the facility will reopen in 1Q23”, Capital alpha Partners analyst Frederick Lawrence said.
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