Freeport LNG export plant in Texas back in service on Monday, LSEG data shows
Aug 4 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was taking on more natural gas on Monday, in a sign that the plant exited an outage over the weekend, according to a company filing with state regulators and gas flow data from financial company LSEG.
Freeport is one of the world's most closely watched LNG export plants, because the start and stop of its operations often causes price swings in global gas markets.
When flows to Freeport drop, gas prices in the U.S. usually decline, due to lower demand from the export plant for the fuel. Meanwhile, prices in Europe usually increase, due to a drop in LNG supplies available to global markets from the plant.
Prices in the U.S. and Europe, however, were both down so far on Monday, for reasons not necessarily related to Freeport. NGA/ NG/EU
On August 3, Freeport told Texas environmental regulators that all three liquefaction trains at the plant had shut on August 2 due to a power feed interruption.
Freeport is more sensitive to power outages than other U.S. LNG plants because it uses electric motors instead of gas turbines to drive liquefaction compressors.
Officials at Freeport had no comment.
Freeport had a number of issues last week, according to company filings with state regulators.
On July 26 and July 27, liquefaction train 1 at the plant shut due to problems with a compressor system.
On July 30, all three liquefaction trains shut due to a power feed interruption.
On July 31, liquefaction train 1 shut again due to problem with a compressor system.
LSEG said the amount of gas flowing to Freeport was on track to reach 2.0 billion cubic feet per day (bcfd) on Monday, up from 1.6 bcfd on Sunday, 0.4 bcfd on Saturday and 0.1 bcfd on Thursday. That compares with an average of 1.6 bcfd over the prior seven days.
The three liquefaction trains at Freeport are capable of turning about 2.1 bcfd of gas into LNG.
One billion cubic feet of gas is enough to supply about 5 million U.S. homes for a day.
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