Freeport LNG Restores Texas Plant Operations After Power Outage
(Reuters) — Freeport LNG on Monday said its plant at Quintana Island, Texas, returned to full operations following an outage last week caused by unstable power from its provider Center Point Energy.
The third largest U.S. exporter of the superchilled gas had halted liquefaction production last Tuesday after it said it was experiencing intermittent power interruptions following winter storm Enzo, and that its operations would remain offline until power transmission conditions stabilized.
Freeport is one of the most closely watched LNG export plants in the world because the start-up and halting of its operations often cause price swings in global gas markets.
The U.S. is the world's largest exporter of LNG.
When flows to Freeport drop, gas prices in the U.S. usually decline due to the export plant's lower demand for the fuel, while prices in Europe can increase due to a drop in available LNG cargoes.
"Freeport LNG’s liquefaction production operations have safely resumed," a company spokesperson said on Monday.
Freeport was on track to pull over 2 billion cubic feet (Bcf) of gas on Monday, the second consecutive day it has gone over 2 Bcf mark, according to data from financial firm LSEG.
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