Unnamed trading sources told Bloomberg on Thursday that loading through August had been canceled for at least 10 cargoes at Freeport LNG's gas export terminal in Texas after the facility was shut down following Hurricane Beryl
Unnamed trading sources told Bloomberg on Thursday that loading through August had been canceled for at least 10 cargoes at Freeport LNG’s gas export terminal in Texas after the facility was shut down following Hurricane Beryl . Traders not authorized to speak publicly on the matter told Bloomberg that the figure could rise further since the facility is not yet operating at full capacity.
Affected companies, as well as their customers, are scrambling for replacements with traders predicting a prolonged outage will trigger a price rally in Europe and Asia Traders are hoping that Freeport LNG will restart the facility soon with draft conditions into Freeport on Thursday reported at 39 feet, near-ideal conditions for fully-loaded vessels according to the Brazos Pilots Association.
LNG Prices Gas Henry Hub U.S. Supply Outage Beryl
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