News on Wednesday that around 2 Bcf/d of liquefaction capacity at Freeport LNG in Texas would be back online as early as October reawakened the bulls in the North American natural gas futures market.

The September New York Mercantile Exchange (Nymex) contract on Wednesday surged 56.0 cents day/day to close at $8.266/MMBtu. October futures jumped 56.4 cents to $8.262. On Thursday, a larger than expected storage print sent prices plunging, but they quickly regained ground.

Freeport management said it believed if it were to start up operations in October, it could deliver about 2 Bcf/d of LNG, “enough to support its existing long-term customer agreements.”

[Get Better Intel: Where are natural gas prices in Canada heading in the next few years? NGI’s Forward Look now includes...