- Also prompting the decline is the outage at the key Freeport LNG export plant on the Gulf coast.
- Freeport–which accounts for some 20% of U.S. LNG export capacity–looks set to remain offline until sometime in the first half of November, at which point we could see only a partial startup, ramping up to full capacity by the end of that month.
- Globally, natural gas prices continue to soar on the twin developments of supply disruptions and sanctions on Russia for its invasion of Ukraine.
U.S. Natural Gas Futures Shed Over 5% On Soaring Output
