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
Brent sell
Period: 29.11.2026 Expectation: 450 pips
Brent crude sell-off targets $105
Today at 10:38 AM 15
Period: 12.11.2026 Expectation: 28000 pips
Go long on NVIDIA stock up to $243
Today at 10:38 AM 15
Period: 28.11.2026 Expectation: 130 pips
Invest in SPX with 7,850 in view
Yesterday at 10:52 AM 22
Period: 28.11.2026 Expectation: 4200 pips
Selling EURUSD down to 1.07000
Yesterday at 09:37 AM 37
Period: 31.12.2026 Expectation: 60 pips
Buying Tesla stock up to $450
27 October 2026 29
Brent sell
Period: 10.11.2026 Expectation: 400 pips
Brent crude sell-off targets $105
27 October 2026 32
Go to forecasts