# Freeport LNG outage showed growing connection of US supply, global gas market

> 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.

- Date: 2023-02-22 · published 2023-02-22T12:00:00.000Z
- Category: logistics · region US · magnitude medium
- Page: https://feedsoft.ai/events/37520-freeport-lng-outage-showed-growing-connection-of-us-supply-global-gas-market
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

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.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-06-14 | [Months-Long Freeport LNG Outage Roils Gas Markets  \| Energy Intelligence](https://feedsoft.ai/events/6804-months-long-freeport-lng-outage-roils-gas-markets-energy-intelligence.md) | -23.8% | -24.1% |
| NATGAS | 2022-06-09 | [Freeport LNG fire cuts key source of U.S. gas supply to Europe, Asia \| Reuters](https://feedsoft.ai/events/41136-freeport-lng-fire-cuts-key-source-of-u-s-gas-supply-to-europe-asia-reuters.md) | -16.4% | -31.4% |
| NATGAS | 2022-06-14 | [News of lengthy Freeport LNG terminal outage hits NYMEX gas futures](https://feedsoft.ai/events/6798-news-of-lengthy-freeport-lng-terminal-outage-hits-nymex-gas-futures.md) | -23.8% | -24.1% |
| NATGAS | 2022-06-16 | [Freeport LNG Texas terminal outage hurts Europe, may help African exporters](https://feedsoft.ai/events/6801-freeport-lng-texas-terminal-outage-hurts-europe-may-help-african-exporters.md) | -15.6% | -10.1% |
| NATGAS | 2022-08-23 | [U.S. natgas falls 5% on delay of Freeport LNG plant restart \| Reuters](https://feedsoft.ai/events/40210-u-s-natgas-falls-5-on-delay-of-freeport-lng-plant-restart-reuters.md) | -4.8% | -19.5% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/022223-freeport-lng-outage-showed-growing-connection-of-us-supply-global-gas-market

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.