US Falls With Restart Timeline of Freeport LNG Uncertain

Small gas volumes flowing to Freeport LNG could be to maintain the flare system rather than signally a restart.

• US prices continue to fall with growing expectations that the Freeport LNG export facility in Texas will remain shut until February or later.
• Freeport has cancelled some upcoming LNG shipments with one at the end of January and another in early February according to Bloomberg last week.
• The facility was targeting for a restart in late January but has yet to receive regulatory approval. Approximately 2bcf/d of export capacity from the Freeport LNG terminal has been offline since a fire a June last year.
  • US Natgas FEB 23 down -4.5% at 3.42$/mmbtu