◂ Event Timeline

Aug 23, 2022LOGISTICSUS

U.S. natgas falls 5% on delay of Freeport LNG plant restart

US natural gas futures fell more than 5% after Freeport LNG announced a further delay in restarting initial operations at its Texas export plant. The September contract settled near $9.19 per million British thermal units.

WHY IT MATTERS

Delayed Freeport restart keeps US LNG export capacity constrained, leaving more gas domestically and pressuring Henry Hub prices lower.

AFFECTSNatural Gas▼

SOURCE
reuters.comAug 23, 2022

Price reaction & history

Natural Gas▼bearishSO FAR1d -3.0%5d -4.8%20d -19.5%

After 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.

Jun 14, 2022Natural gas plummets as Freeport delays facility restart following explosion-23.8%
Jun 9, 2022Freeport LNG fire cuts key source of U.S. gas supply to Europe, Asia | Reuters-16.4%
Feb 21, 2023Fire-damaged Freeport LNG gets U.S. approval for partial restart+15.9%
Jun 14, 2022News of lengthy Freeport LNG terminal outage hits NYMEX gas futures-23.8%
Feb 22, 2023Freeport LNG outage showed growing connection of US supply, global gas market+25.0%

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.

Natural Gas NATGAS · GP ▸

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