22 November 2022 | Other

December restart of Freeport LNG export plant in USA is in doubt

Freeport LNG has yet to seek permission from the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) to restart operations at the Texas plant, as reported by a source familiar with the matter. Given this data, the customers raised doubts that the facility may not return to service by the end of the year. 

On Friday, Freeport LNG officials announced plans to restart partial gas processing at the plant by mid-December. They had previously reported the LNG exporter would shut down its export facility to complete repairs following a June fire. 

According to the company officials, proposed remedial work activities for a safe restart of initial operations has been filed and U.S. regulators will review and approve the request.

The U.S. LNG export facility is likely to return to service after they get an approval from PHMSA. 

The procedure usually takes at least a month. However, it could be delayed as U.S. holidays are approaching, according to an analyst.

Company MarketCheese
Period: 30.09.2026 Expectation: 1500 pips
Invest in GBPUSD up to 1.36270
Today at 04:04 AM 9
Period: 15.10.2026 Expectation: 1000 pips
Selling SPX down to $7,490
Yesterday at 05:18 AM 20
Brent sell
Period: 15.10.2026 Expectation: 800 pips
Brent crude sell-off targets $95.80
Yesterday at 05:18 AM 18
Gold sell
Period: 31.10.2026 Expectation: 18000 pips
Go short on gold upon breaking $4,300
15 September 2026 39
Period: 11.10.2026 Expectation: 3200 pips
Going short on AUDUSD ahead of US Fed meeting
11 September 2026 73
Period: 30.09.2026 Expectation: 2000 pips
SPX sell-off targets $7,400
11 September 2026 52
Go to forecasts