The price of gas in Europe fell by almost 4% after the news about the restart of LNG production by the American Freeport LNG
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The cost of December futures at the TTF hub in the Netherlands fell to $1,173 per 1,000 cubic meters. m, or €109.495 per MWh, follows from the data of the London Stock Exchange ICE. At the moment, gas prices fell by 4%, below $1,160 per 1,000 cubic meters. m. This happened after the advent of the timing of the resumption of production of the liquefied natural gas (LNG) plant of the American oil and gas company Freeport LNG.
On June 8, a fire broke out at the Freeport LNG LNG plant as a result of excess pressure on the pipeline. Today, November 18, the company announced plans to resume work in mid-December. By March 2023, the plant will return to production at full capacity.
The company previously said that partial liquefaction operations would resume in early October, then the dates were pushed back.
About the consequences of the accident – in the material “Kommersant” “Gas prices are on the rise”.
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