Feb 9 (Reuters) – U.S. federal energy regulators on Thursday approved Freeport LNG’s request to return ship loading to service at its long-idled Texas liquefied natural gas (LNG) export plant.
Freeport, the second biggest U.S. LNG export plant, shut after a fire in June 2022. The energy market expects gas prices to rise once the plant starts producing LNG again.
When operating at full power, Freeport can turn about 2.1 billion cubic feet (bcf) of gas into LNG each day. That is about 2% of total U.S. daily gas production.
