Freeport LNG Full Restart Delayed Until August, Says Source

Yeah, we kind of felt like it was too good to be true. Tuesday, we told you that an LNG carrier had left Freeport LNG's port last weekend fully loaded, and a couple of carriers were queued up, waiting to dock and load (see Freeport Finally Resumes Loading Cargo Ships, Feedgas Increases). It certainly seemed like things were beginning to rock and roll once again after Freeport had been totally down since July 5 due to Hurricane Beryl. However, a super secret source whispering to S&P Global Commodity Insights says the full plant won't be operational until "early August." And more bad news for Freeport: Fitch Ratings has downgraded the company's credit rating.

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