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A fire and subsequent shutdown at one of the country’s largest liquefied natural gas production and export terminals has driven down domestic prices, while pushing costs higher for buyers in Europe and Asia. The closure of Freeport LNG in Texas until at least September means that the 2 billion cubic feet of natural gas per day it was supercooling into LNG for export is now ....
It has been a turbulent year for the global gas industry. Well before Russia’s war on Ukraine, gas and electricity prices in Europe skyrocketed, although they have recently fallen back a bit. With Europe looking to cut its dependence on Russia and import up to 50 billion cubic meters per year in liquefied natural gas (LNG) from alternative sources, the market looks ever ....
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