Freeport LNG Sets New Gas-Processing Record After Plant Overhaul
11/11/2024 (Reuters) -- Freeport LNG drew record natural gas volumes on several days this week, according to financial firm LSEG, following completion of an overhaul that increased processing capacity.
Freeport LNG drew a record 2.414 billion cubic feet (Bcf) of feedgas on Friday, preliminary LSEG data showed. That volume continued a series of record gas pulls that each topped the plant's prior record of 2.261 Bcf, which was reached in April 2023.
Freeport LNG had announced in April that a debottlenecking intended to streamline processing likely would add an additional 1.2 million metric tons per annum (MTPA) of LNG capacity. The plant's capacity was then 15.3 MTPA. A spokesperson declined to comment on Friday.
Texas-based Freeport LNG has suffered several outages, including one a week ago due to power disruption. The outages have become less frequent in the last two months, LSEG data show. "High feedgas is driven by the debottlenecking efforts in July coming to fruition and adding an additional 1.5 MTPA of capacity," researchers at financial firm Tudor Pickering Holt said on Friday.
Freeport exported 20 cargoes of LNG in both September and October from its Quintana, Texas, facility.
In the first eight days of November, it exported 10 cargos, according to LSEG data.
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