NEW YORK/HOUSTON, July 15 (Reuters) - Freeport LNG plans
to restart one of three liquefied natural gas trains this week
at its Texas facility after the company repairs some damage from
Hurricane Beryl, it said on Monday.
The plant, in Freeport, Texas, south of Houston, halted
operations on July 7 before Beryl hit the coast, causing
widespread power outages and wind damage.
The LNG exporter plans to restart the remaining two trains
shortly after the first resumes operation, but production will
be reduced while it continues repairs.
The second-largest U.S. LNG exporter said in a statement
that output would "steadily ramp up to full rates as these
repairs are completed."
Each of Freeport's three liquefaction trains can turn
about 0.7 bcfd of gas into LNG. One billion cubic feet is enough
gas to supply about 5 million U.S. homes for a day.
Freeport is one of the most-watched U.S. LNG export plants
because it has a history of hitting global gas prices when it
shuts due to the decreased demand.
Since Freeport shut, U.S. gas futures have declined
by about 2% to a two-month low of $2.26 per million British
thermal units (mmBtu).
The amount of natural gas flowing to Freeport was on track
to reach about 0.1 billion cubic feet per day (bcfd) on Monday,
up from near zero July 7-14, according to LSEG data.
Energy traders, however, noted that Freeport was also on
track to pull in similar amounts of gas late last week but ended
up actually accepted almost no gas.
In the week before Freeport shut, the 2.1-bcfd plant was
pulling in an average 1.7 bcfd of gas, according to LSEG data.
The Brazos Pilots Association, which services ships in the
port, said the Freeport LNG terminal was still closed and there
were draft restrictions in place.