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Global LNG Hub
Home Featured

Freeport LNG is back at full speed!

Editor by Editor
2 months ago
Reading Time: 1 min read
Freeport LNG is back at full speed!
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Freeport LNG is back at full speed! Feedgas to the terminal has touched 2 bcf/d, indicating that all 3 trains run close to the max utilization rate of 2.1 bcf/d.

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This is the highest feedgas value since Jun-22 and total US pipeline deliveries to LNG plants are on track to hit a new record!

Impact on HH has been muted as high domestic storage levels have pushed prices down to the low 2 $/mmbtu range, levels seen during the 1st lockdowns in 2020.

Current US stocks at 1853 bcf are 23% higher than the 5y average, largely driven by mild weather, while IEA’s weekly drawdown report of 47 bcf published earlier today was lower than the 57 bcf anticipated.

Source: Christos Anagnostopoulos

Tags: Christos Anagnostopoulos
Editor

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