Freeport Lng

Freeport LNG CEO Questions Growing Reliance on Spot Cargoes After Volatile Winter

Freeport LNG CEO Questions Growing Reliance on Spot Cargoes After Volatile Winter

The cold snap earlier this winter in Asia and Europe that sent prices skyrocketing and buyers scrambling for liquefied natural gas (LNG) cargoes was an indication that the global market is becoming too reliant on spot deliveries, said Freeport LNG CEO Michael Smith.  “There’s been an overreliance on spot cargoes in our industry,” he said…

March 4, 2021
U.S. LNG Exports Bouncing Back as Weather Finally Shifts Along Gulf Coast

U.S. LNG Exports Bouncing Back as Weather Finally Shifts Along Gulf Coast

U.S. liquefied natural gas (LNG) exports were slowly recovering Friday, but the impacts of brutal cold along the Gulf Coast that nearly halted shipments altogether were lingering.  Eighteen empty LNG vessels were floating in the Gulf of Mexico Friday, up from 12 on Thursday, Kpler economist Reid I’Anson told NGI. Another two tankers were diverted…

February 19, 2021
Freeport LNG Inches Forward with Latest FERC Approval; Total, Tellurian Clinch Deal

Freeport LNG Inches Forward with Latest FERC Approval; Total, Tellurian Clinch Deal

Progress continues in bringing online the third liquefied natural gas (LNG) export facility along the Gulf Coast after federal authorities approved some commissioning activities at Freeport LNG.

July 11, 2019