HomeNewsFreeport LNG gas intake remains well below capacity, at about 695 mcf

Freeport LNG gas intake remains well below capacity, at about 695 mcf

9/12/2023

(Reuters) - Freeport LNG's natural gas intake on Tuesday remained well below capacity for a fourth day, at about 695 million cubic feet, according to LSEG data.

The second largest U.S. LNG producer typically takes in about 2 billion cubic feet per day (bcf/d) of natural gas but since Saturday has absorbed significantly less, according to LSEG data.

A spokesperson declined to comment.

Four tankers - the BW Pavilion Aranda, LNG Schneeweisschen, Marvel Crane and Hellas Diana - were waiting on Tuesday to load near Freeport LNG. The last vessel to load was the Yannis, which departed Freeport on Sept 8, according to LSEG data.

Analysts have said at least two of the facility's three gas-processing trains may be idled. Trains 1 and 3 have been affected, said sources familiar with Freeport's operations.

Freeport LNG has had at least six emission events over the last two months, according to state environmental agency Texas Commission on Environmental Quality (TCEQ). There was a reduction in feedgas intake of between 200 mcf and 500 mcf on those six occasions, according to LSEG data.

Four events affected Train 3 processing unit, with the most recent on Sept. 5. The other two occasions in which gas usage fell were caused by events at Train 1 unit, according to the TCEQ report.

Each time there was a return to normal operations within 48 hours.

The Freeport export plant in Texas was shut after a fire in June 2022, and ended an eight-month outage in February.

An outage at the facility would adds to market concerns over global LNG supply as workers at Chevron Corp's Gorgon and Wheatstone LNG projects in Australia began work stoppages last Friday. Chevron has asked an industrial relations tribunal to resolve the labor dispute.

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