Freeport LNG takes 5-10bcm off the market

Freeport is now out until at least 90 days, and full plant operations are not expected to resume until end of the year.

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This could translate into a loss of 5-10 bcm, a major hit for an already streched global LNG market.

TTF prices spiked to an intra-day high of over $31/mmbtu, whilst Henry Hub is nosediving by 17%.

What is your view? What an extended Freeport outage could mean for the gas market?

Source: Greg Molnar