# News of lengthy Freeport LNG terminal outage hits NYMEX gas futures

> NYMEX front-month natural gas futures fell sharply on June 14, 2022, after the operator of the Freeport LNG export terminal in Texas said the plant would likely not fully return to service until late 2022, with partial service possible in about 90 days. The July contract fell to an intraday low of about $7.01/MMBtu.

- Date: 2022-06-14 · published 2022-06-14T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/6798-news-of-lengthy-freeport-lng-terminal-outage-hits-nymex-gas-futures
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Freeport accounts for roughly 17% of US LNG processing capacity, so the outage removes export demand and leaves more gas domestically, pressuring US prices lower.

## Read by commodity

- NATGAS: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| NATGAS | 2022-06-21 | 5 | -23.8% | -3.0 | Operator's outlook of only partial service in about 90 days and full return in late 2022 caused a sharp NYMEX sell-off to about $7.01 intraday. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-06-15 | [Natural gas forecast: LNG terminal outage pressures US prices, bolsters EU prices \| IG Bank Switzerland](https://feedsoft.ai/events/6803-natural-gas-forecast-lng-terminal-outage-pressures-us-prices-bolsters-eu-prices.md) | -8.4% | -9.2% |
| 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 | 2022-06-14 | [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 | 2022-06-14 | [Natural-Gas Prices Plunge After Extended Outage at Texas LNG Facility](https://feedsoft.ai/events/6800-natural-gas-prices-plunge-after-extended-outage-at-texas-lng-facility.md) | -23.8% | -24.1% |

## Sources

- spglobal.com: https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/061422-news-of-lengthy-freeport-lng-terminal-outage-hits-nymex-gas-futures

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