Freeport LNG’s three liquefaction trains on Quintana Island along the Texas Gulf Coast, 66 miles from downtown Houston, are finally back on track and full steam ahead after a June 2022 fire shuttered operations for nearly ten months.
The three train, 15 mtpa facility is the seventh largest in the world and second largest in the U.S. Its capacity is equivalent to 2.2 Bcf/d of gas, enough to power and light a metropolitan area the size of San Antonio, Texas, for an entire day.
A planned fourth train will add 5.1 mtpa, or 0.7 Bcf/d, but that’s still years away.
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Russia’s invasion of Ukraine last year impacted energy markets worldwide. The war has turned the attention of world leaders to energy security as global demand for LNG is only expected to grow, especially in Europe and Asia.
U.S.-based LNG exporters like Freeport LNG are poised to benefit the most.
Freeport LNG’s restart is not only good for global LNG trade in general, but also for off takers from TotalEnergies and BP to Osaka Gas, all poised to benefit financially from the resumption of gas flows.
In specific, France’s TotalEnergies expects operational benefits to positively impact its LNG sales, while Japan’s Osaka will no longer have to rely on replacement LNG volumes.
Freeport LNG’s trains are back on track and moving volumes, and importantly for the environment, they’re not powered by coal.
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