Freeport LNG officially posted a press release concerning their new Consent Agreement with the PHMSA tied to the June 8 explosion of their terminal.
Notably, the official press release was published hours after the news was leaked around the industry and posted on the enelyst.com chat room (we highly encourage hopping over there, it’s a great resource for news and discussion.)
Overall, the most important part of the release was tied to how much of the plant is expected online in “early October.”
The initial operations that Freeport wants to achieve include the “delivery of approximately 2 BCF per day of LNG, enough to support its existing long-term customer agreements” for early October.
Interestingly, the public press release was only two paragraphs long, while the leaked release included far more detail about what portions of the terminal would be offline.
While we can’t verify the authenticity of the back half, it did mention that “partial operations will initially utilize two of the three LNG storage tanks, and the dock one loading facilities, with dock two anticipated to return to service closer to year-end.
We plan to utilize dock two as a lay berth until it is returned to service, in an effort to maximize the efficiency of marine operations and ship transits.”
Source: Criterion Research