# Freeport LNG Texas terminal outage hurts Europe, may help African exporters

> A full restart of the Freeport LNG Texas facility will not happen until late 2022, the company said. The outage pushed US gas futures down 18% from the day before the fire, while European gas prices rose more than 60%, helped by reduced Russian pipeline flows.

- Date: 2022-06-16 · published 2022-06-16T12:00:00.000Z
- Category: logistics · region Global · magnitude high
- Page: https://feedsoft.ai/events/6801-freeport-lng-texas-terminal-outage-hurts-europe-may-help-african-exporters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

US gas is cheaper because export capacity is constrained, while Europe, short of supply, has to bid up prices to attract LNG cargoes.

## 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 | Notes US futures fell 18% from before the fire due to the outage, which supports the move, but this is a later recap with limited new information. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-06-08 | [US Natural Gas Slumps After Fire at Texas LNG Export Terminal - Bloomberg](https://feedsoft.ai/events/41142-us-natural-gas-slumps-after-fire-at-texas-lng-export-terminal-bloomberg.md) | -20.0% | -34.8% |
| 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 | [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 | 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% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/freeport-lng-texas-terminal-outage-hurts-europe-may-help-african-exporters-2022-06-16/

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