Freeport LNG plant continues to pull in natgas to produce power
8/11/2022
According to Reuters, U.S. LNG company Freeport LNG is still pulling in small amounts of natural gas from pipelines at its shuttered LNG export plant in Texas to fuel a power plant. The company has said it expects the liquefaction plant, which shut due to a fire on June 8, to return to at least partial service in early October.
U.S. gas futures jumped about 8% on Thursday on talk of increased gas flows to the Freeport LNG plant, a drop in gas output and forecasts for more demand for the fuel over the next two weeks than previously expected.
According to Reuters, Freeport LNG started to pull in small amounts of pipeline gas to feed a power plant that sold electricity to the Texas grid in mid-July.
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