U.S. LNG company Freeport LNG's export plant in Texas was expected to take in more natural gas on Sept. 15 after shutting Tuesday during Tropical Storm Nicholas, according to pipeline data from Refinitiv.
Energy traders said that likely means the plant was returning to service. LNG facilities liquefy natural gas into super-chilled LNG and also use the gas to fuel operations.
Officials at Freeport were not immediately available for comment on the plant's status.
On Sept. 14, Freeport said all three liquefaction trains at the plant shut likely due to power outages from Tropical Storm Nicholas.
At its peak Sept. 14, Nicholas knocked out power to more than 529,000 homes and businesses in Texas, mostly in the Houston area. Freeport is located on the Gulf Coast about 60 miles (97 km) south of Houston.
Refinitiv said Freeport was expected to pull in about 0.9 billion cubic feet per day (Bcf/d) of gas on Sept. 15, up from 0.1 Bcf/d on Sept. 14. That compares with an average of 2.0 Bcf/d that the plant pulled in over the past 30 days.
The National Hurricane Center issued its last advisory on the storm Wednesday morning when Nicholas was a Tropical Depression located near the Texas-Louisiana border that was still capable of causing life-threatening flash floods along portions of the Central Gulf Coast during the next couple of days.
The three other U.S. LNG export plants along the Gulf Coast—Cameron LNG's Cameron in Louisiana and Cheniere Energy Inc.'s Corpus Christi in Texas and Sabine Pass in Louisiana—continued to operate through the storm.
Recommended Reading
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.
CEO: Coterra ‘Deeply Curious’ on M&A Amid E&P Consolidation Wave
2024-02-26 - Coterra Energy has yet to get in on the large-scale M&A wave sweeping across the Lower 48—but CEO Tom Jorden said Coterra is keeping an eye on acquisition opportunities.
The One Where EOG’s Stock Tanked
2024-02-23 - A rare earnings miss pushed the wildcatter’s stock down as much as 6%, while larger and smaller peers’ share prices were mostly unchanged. One analyst asked if EOG is like Narcissus.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
Petrie Partners: A Small Wonder
2024-02-01 - Petrie Partners may not be the biggest or flashiest investment bank on the block, but after over two decades, its executives have been around the block more than most.