Yesterday we reported the surprising news that a load of LNG had left the Freeport facility, even though the facility has not been fully blessed to restart operations (see Surprise! Freeport LNG Exports 1st Cargo Since June 2022 Explosion). As we told you, it appears the load was LNG that had been liquefied and stored before the facility was shut down in June 2022 following an explosion. In an even bigger surprise, it appears another (second) ship left Freeport last night, loaded with LNG, headed for South Korea.
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In a complete and total surprise, S&P Global Commodity Insights is reporting the very first post-explosion cargo of LNG exports has left the Freeport LNG facility along the Texas Gulf Coast and is en route to Port Said (Egypt). The BP-chartered Kmarin Diamond departed Freeport yesterday morning around 7:30 am. But (and here’s the big but)…don’t get your hopes up that this restarts a steady stream of ships departing from the Freeport facility. S&P says Freeport used supplies that were already in its storage tanks when the explosion and fire forced the terminal offline in June 2022. So this load was from LNG that’s been sitting around for eight months. When will more ships load up newly liquefied LNG at the facility?
Read More “Surprise! Freeport LNG Exports 1st Cargo Since June 2022 Explosion”