# Freeport LNG fire cuts key source of U.S. gas supply to Europe, Asia | Reuters

> Freeport LNG's Texas export terminal was shut after a fire, removing a key source of U.S. gas supply to Europe and Asia. U.S. natural gas futures initially fell as much as 14% on expectations that freed-up supply would rebuild U.S. storage, then recovered to end about 2% higher.

- Date: 2022-06-09 · published 2022-06-09T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/41136-freeport-lng-fire-cuts-key-source-of-u-s-gas-supply-to-europe-asia-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Losing roughly 2 bcf/d of LNG export demand weighs on U.S. gas prices while tightening European and Asian supply, which affects energy costs for feed mills and fertilizer producers.

## Read by commodity

- NATGAS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| NATGAS | 2023-02-22 | [Freeport LNG outage showed growing connection of US supply, global gas market](https://feedsoft.ai/events/37520-freeport-lng-outage-showed-growing-connection-of-us-supply-global-gas-market.md) | +25.0% | +1.5% |
| 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 | 2023-02-21 | [Fire-damaged Freeport LNG gets U.S. approval for partial restart](https://feedsoft.ai/events/37515-fire-damaged-freeport-lng-gets-u-s-approval-for-partial-restart.md) | +15.9% | -2.2% |
| 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% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/freeport-lng-fire-cuts-key-source-us-gas-supply-europe-asia-2022-06-09/

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