Aug 23 (Reuters) – U.S. natural gas futures fell more than 5% on news of a further delay in the resumption of initial operations at the Freeport LNG export plant in Texas.
Freeport LNG said it expects partial recovery to begin in early to mid-November, not October as originally estimated. The company said it expects to ramp up to sustain 2 billion cubic feet per day production by the end of November. read more
Front-month gas futures for September shed 48.7 cents, or 5%,to settle at $9.193per million British thermal units. The session low was $9.050.