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    Freeport LNG eyes November restart

Summary

Delayed restart pushes US natural gas prices lower. [Image: Freeport LNG]

by: Dale Lunan

Posted in:

Complimentary, Natural Gas & LNG News, Americas, Liquefied Natural Gas (LNG), Corporate, Import/Export, News By Country, United States

Freeport LNG eyes November restart

Freeport LNG said August 23 it had completed a detailed assessment of restart options in the wake of a June 8 fire that shuttered the 15mn mt/yr facility in Texas, and now expects an initial restart in early to mid-November.

Liquefaction would gradually ramp up to about 2bn ft3/day by the end of November – about 85% of capacity – and once repairs are completed to the facility’s second loading dock, expected in March 2023, production would increase to full capacity.

Earlier this month, Freeport said it anticipated a return to full service by the end of October. The latest delay pushed September gas futures prices down 5%, to about $9.19/mn Btu, after the European gas crisis had sent US natural gas above $10/mn Btu for the first time since 2008.

Kiewit Energy Group has been retained to perform engineering, procurement and reconstruction activities at the terminal, the second largest in the US and the seventh largest in the world.