Regarding the Freeport LNG export terminal restart plans, the company said on Friday (Nov. 19) that reconstruction of the facility is 90% complete, and the terminal expects volumes to return on an incremental basis around mid-December before bringing back 2 Bcf/d sometime in January.
This will be followed by a return to a maximum capacity of 2.4 Bcf/d by March. The response from the market was initially bullish on a knee-jerk reaction to the news.
Still, the elation quickly faded once amid the realization that the reopening would be upwards of 2 months later than the estimated timeline.
The delay in the restart could add 60 Bcf to as much as 100 Bcf of natural gas to storage over the next couple of months.
Source: Gelber & Associates