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S&P Global reports that Freeport LNG has resumed partial service and exports after eight months offline, which it describes as the biggest outage in U.S. LNG export history. The article says the restart eases global market tightness and reflects the growing link between U.S. supply and global gas prices.
Returning about eight months of lost U.S. LNG exports adds supply to global markets, which lowers the price pressure behind European and Asian gas and the fertilizer costs tied to it.
spglobal.comFeb 22, 2023After 29 past bearish logistics events, Natural Gas moved a median -9.8% over 5 sessions (21% higher; middle half -20.0% to -3.1%), and -16.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
