# Natural gas plummets as Freeport delays facility restart following explosion

> US natural gas prices fell about 16% to $7.22/MMBtu on June 14, 2022, after Freeport LNG said its Texas facility, damaged by a fire and explosion the previous week, would not return to full operation until late 2022. Partial operations were targeted in about 90 days.

- Date: 2022-06-14 · published 2022-06-14T12:00:00.000Z
- Category: logistics · region US · magnitude high
- Page: https://feedsoft.ai/events/6799-natural-gas-plummets-as-freeport-delays-facility-restart-following-explosion
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

The outage removes about 2 bcf/d of LNG export demand, which analysts say leaves the US market temporarily oversupplied and weighs on Henry Hub prices.

## 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 | Delayed Freeport restart cut feed-gas demand (about 2 Bcf/d), pushing US prices down about 16% to $7.22/MMBtu. |

## 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 | 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% |
| 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 | 2026-07-10 | [Natural Gas Futures Break Below $3 as LNG Feedgas, Utility Demand Retreat](https://feedsoft.ai/events/8663-natural-gas-futures-break-below-3-as-lng-feedgas-utility-demand-retreat.md) | -8.0% | -15.2% |
| NATGAS | 2026-07-09 | [Natural Gas Prices Fall Most Since March on Pipeline, Export, Trading Shifts - Bloomberg](https://feedsoft.ai/events/8659-natural-gas-prices-fall-most-since-march-on-pipeline-export-trading-shifts.md) | -9.8% | -16.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2022/06/14/natural-gas-plummets-as-freeport-delays-facility-restart-following-explosion.html

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