Which LNG export terminal is this?
And where are the LNG import terminals that are slated to accept the LNG?
In total there are 36 existing LNG terminals and an additional 27 terminals under construction or in the planning stage in Europe as of 2019. Number of operational and planned liquefied natural gas (LNG) import terminals in Europe as of 2019 by country
To make a pun, this news is just gas without the facilities to process the hideously expensive LNG product [31 USD per MMBtu for LNG versus 7.5 USD per MMBtu at Henry Hub for piped natgas].
And now we have further word on the Freeport hit:
Freeport is now out until at least 90 days, and full plant operations are not expected to resume until end of the year.
This could translate into a loss of 5-10 bcm, a major hit for an already stretched global LNG market.
TTF prices spiked to an intra-day high of over $31/mmbtu, whilst Henry Hub is nosediving by 17%.
Egypt has 2 LNG export terminals.
“At least for now, figures prove him right. Egypt’s exports of natural and liquefied gas jumped during 2021 by 550% to reach $3.9 billion, compared to $600 million the year before, according to a statement attributed to the country’s Minister of Petroleum Tarek el-Mulla, issued Feb. 2 on the ministry’s Facebook page. In December, Mulla detailed that Egypt exports about 1.6 billion cubic feet per day of gas through its two LNG plants. And in a statement following the general assembly of the Egyptian Natural Gas Holding Company (EGAS) Feb. 11, the minister said that the total amount of natural gas and LNG exports reached 3.5 million tons during the first half of Egypt’s current fiscal year, which starts in July, and that he expects them to rise to 7.5 million tons by the end of it.”