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73%  
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  • U.S. natural gas (price) plunges as Freeport LNG pushes back restart plan (till mid November)

    08/23/2022 12:04:48 PM PDT · by BeauBo · 35 replies
    Seeking Alpha ^ | Aug. 23, 2022 | Carl Surran
    U.S. natural gas prices take a sharp turn lower after Freeport LNG said on Tuesday it now expects to restart its shuttered export plant in early to mid-November, and ramp up to a sustained level of at least 2B cf/day by the end of November, delaying the timeline from a previous estimate of October. Freeport LNG's newest recovery plan will utilize the company's second loading dock as a lay berth until loading capabilities at the second dock are reinstated in March 2023, when it anticipates being capable of operating at 100% of capacity. Nymex front-month natural gas futures (NG1:COM) for...