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Freeport LNG says Quintana Island plant back after outage
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Freeport LNG says Quintana Island plant back after outage
Jan 27, 2025 9:52 AM

(Replaces reduction with production at second paragraph)

By Curtis Williams

HOUSTON, Jan 27 (Reuters) - Freeport LNG on Monday said

its plant at Quintana Island, Texas, returned to full operations

following an outage last week caused by unstable power from its

provider Center Point Energy.

The third largest U.S. exporter of the superchilled gas

had halted liquefaction production last Tuesday after it said it

was experiencing intermittent power interruptions following

winter storm Enzo, and that its operations would remain offline

until power transmission conditions stabilized.

Freeport is one of the most closely watched LNG export

plants in the world because the start-up and halting of its

operations often cause price swings in global gas markets.

The U.S. is the world's largest exporter of LNG.

When flows to Freeport drop, gas prices in the U.S. usually

decline due to the export plant's lower demand for the fuel,

while prices in Europe can increase due to a drop in available

LNG cargoes.

"Freeport LNG's liquefaction production operations have

safely resumed," a company spokesperson said on Monday.

Freeport was on track to pull over 2 billion cubic feet

(bcf) of gas on Monday, the second consecutive day it has gone

over 2 bcf mark, according to data from financial firm LSEG.

(Reporting by Curtis Williams in Houston and Sherin Elizabeth

Varghese in Bengaluru)

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