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U.S. liquefied natural gas exports could fall about 6% in the second half of 2022 from the first half, due to the ongoing Freeport LNG outage in Texas, the U.S. Energy Information Administration (EIA) said on Tuesday.
The second-biggest U.S. liquefied natural gas export facility was hit by a fire on June 8, knocking out its 15 million tonnes per year (mtpa) Quintana plant.
Freeport LNG, which accounts for 17% of U.S. LNG export capacity, estimates a return to full production by year-end.
Natural gas prices also slumped as Freeport was consuming about 2 billion cubic feet per day (bcfd) of gas before it shut.
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🟢 OPEC+ surprised markets by announcing a larger-than-expected August output hike of...
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