U.S. producers of liquefied natural gas (LNG) boosted exports to Europe in September even as a plant outage kept overall shipments below the average for the first eight months of 2022, Refinitiv Eikon data showed on Monday.
at the United States' second-largest exporter Freeport LNG has the country's output below its full processing capacity even as demand and prices for the superchilled gas soar on European buyers seeking alternatives to Russian gas.
U.S. spot natural gas prices at the Henry Hub rose in September to $7.88 per million British thermal units , the highest since 2008, as soaring global prices kept demand for U.S. LNG strong. U.S. energy firms sent 11.5 billion cubic feet per day of gas to the country's seven big liquefaction plants in September to be turned into LNG for export during growing concerns over gas provision in Europe.
In August, Freeport LNG postponed the partial reopening of its facility to November, with a goal of reaching full capacity by March 2023.
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