Asian liquefied natural gas buyers are ratcheting up competition with Europe to secure spare supply as a series of outages threatens a shortage this winter.
The Freeport liquefied natural gas export facility in Texas said Tuesday that it may take 90 days to bring the plant partially back online, far longer than an earlier projection of a minimum. Full capacity isn’t expected to be available until late 2022, which surprised LNG traders who were estimating an outage of two to three months. The facility was shut last week after a fire.
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